Global governance

José Antonio Ocampo, 08 April 2019

The IMF will turn 75 this year. Updating and reforming of some aspects of its core functions should be considered to reflect the current global monetary context. This column analyses the IMF’s global reserve system, identifying three issues and suggesting two alternatives. Ultimately, greater use of the Fund’s Special Drawing Rights would mitigate several problems in the current system.

Dirk Schoenmaker, 05 April 2019

We're not short of policies intended to save us from catastrophic climate change, but should monetary policy be part of this effort? Dirk Schoenmaker of Erasmus University thinks so, and he tells Tim Phillips how it would work in practice.

José De Gregorio, Barry Eichengreen, Takatoshi Ito, Charles Wyplosz, 11 September 2018

Two decades ago the four authors of the CEPR's first Geneva Report on the World Economy examined the future of the IMF. This year, for the 20th report, they returned to see what progress has been made. Tim Phillips talks to Barry Eichengreen, Charles Wyplosz, José De Gregorio, and Takatoshi Ito about how the IMF has evolved, and the threats both to the IMF and the entire multilateral financial system.

José De Gregorio, Barry Eichengreen, Takatoshi Ito, Charles Wyplosz, 11 September 2018

Twenty years ago, ICMB and CEPR published the first Geneva Report on the World Economy. Over these last two decades, the world of international finance has changed and so too has the IMF. This column introduces the latest report, in which the same team of authors highlight seven key developments affecting the monetary and financial environment and their implications for the Fund. 

Aaditya Mattoo, Joshua P. Meltzer, 23 May 2018

The EU’s privacy regulation threatens developing country exports of data-based services by making data transfers more difficult. Traditional trade rules and regulatory cooperation cannot resolve this conflict. The column argues that the way forward would be to design trade rules that reflect the bargain struck in the EU-US Privacy Shield. Data destination countries would promise to protect the privacy of foreign citizens in return for source countries promising not to restrict data flows.

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