Otaviano Canuto

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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 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 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 Brazil

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

4 years ago

Don’t Expect Miracles from the Multilaterals

by Otaviano Canuto Latin American and Caribbean economies need help, but organisations such as the IDB are also stretched thin.…

4 years ago