Otaviano Canuto

Otaviano Canuto

The Road to DecarbonisationThe Road to Decarbonisation

The Road to Decarbonisation

The transition to zero emissions will involve three simultaneous economic processes: change in the relative prices of goods and services,…

4 years ago
Global Imbalances and the PandemicGlobal Imbalances and the Pandemic

Global Imbalances and the Pandemic

The International Monetary Fund’s tenth annual External Sector Report (ESR, August 2021) shows how current account deficits in the global…

4 years ago
Matchmaking Private Finance and Green InfrastructureMatchmaking Private Finance and Green Infrastructure

Matchmaking Private Finance and Green Infrastructure

The contrast between the scarcity of investments in infrastructure and the excess of savings invested in liquid and low-return assets…

4 years ago
Rescue by Helicopter ReservesRescue by Helicopter Reserves

Rescue by Helicopter Reserves

The world woke up on Monday 23 with higher international reserves for all countries. A new allocation of US$650 billion…

4 years ago
China’s Renminbi Needs Convertibility to InternationaliseChina’s Renminbi Needs Convertibility to Internationalise

China’s Renminbi Needs Convertibility to Internationalise

On July 21, the Official Monetary and Financial Institutions Forum (OMFIF) published its eighth annual report on Global Public Investors…

4 years ago
Otaviano Canuto: Are We on the Verge of a New Commodity Super-Cycle?Otaviano Canuto: Are We on the Verge of a New Commodity Super-Cycle?

Otaviano Canuto: Are We on the Verge of a New Commodity Super-Cycle?

Commodity prices have recovered their 2020 losses and, in most cases, are now above pre-pandemic levels (Figure 1). The pace…

4 years ago
Otaviano Canuto: Middle-Income Countries Should Not Be Rushed to ‘Graduate’ StatusOtaviano Canuto: Middle-Income Countries Should Not Be Rushed to ‘Graduate’ Status

Otaviano Canuto: Middle-Income Countries Should Not Be Rushed to ‘Graduate’ Status

Many donor countries seem eager to see middle-income countries (MICs) graduate to non-client status in multilateral development institutions before achieving…

4 years ago
The Size of Biden’s Fiscal PackageThe Size of Biden’s Fiscal Package

The Size of Biden’s Fiscal Package

The monetary policy report submitted by the Board of Governors of the Federal Reserve System to the U.S. Congress on…

4 years ago
Otaviano Canuto: Central Banks and InequalityOtaviano Canuto: Central Banks and Inequality

Otaviano Canuto: Central Banks and Inequality

While the economic recovery around the world remains uneven, fragile, and unbalanced across sectors, financial markets are generally doing very…

4 years ago
The Two Sides of Capital Flows into BrazilThe Two Sides of Capital Flows into Brazil

The Two Sides of Capital Flows into Brazil

There was a significant inflow of funds in Brazil's external financial account in October and November for investments in both…

5 years ago