Saturday, April 18, 2015
  1. How to Reform the IMF Now

    Paulo Nogueira Batista, ET AL

    How to Reform the IMF Now

    &  propose a solution to allow reforms to go forward without approval from the US Congress.

    IMF building Javier Ignacio Acuña Ditzel/Flickr

    Reforms that would double the IMF's resources and reorganize its governing structure in favor of developing countries have been held up in the US Congress for more than four years. The best way forward would be to decouple the part of the reforms that requires ratification by the US Congress from the rest of the package. READ MORE

  2. The Harm of Regulatory Disharmony

    Howard Davies

    The Harm of Regulatory Disharmony

    3

     calls attention to the problems caused by the global financial system's new legal uncertainties.

    Gavel and scales of justice Penn State/Flickr

    Among the institutions regulating global financial markets, the Financial Markets Law Committee is not very prominent. But its mission – to identify and propose solutions to issues of legal uncertainty in financial markets that might create risks in the future – has never been more important. READ MORE

  3. Asia’s Multilateralism

    Joseph E. Stiglitz

    Asia’s Multilateralism

    14

     hails the launch of the Asian Infrastructure Investment Bank and asks why the US opposed it.

    Asia bridge infrastructure Yong Zhao/Flickr

    In March, the United Kingdom, Germany, France, and Italy joined more than 30 other countries as founding members of the new Asian Infrastructure Investment Bank, which will do what existing institutional arrangements cannot: help Asia meet its massive infrastructure needs. So why has the US sought to undermine the effort? READ MORE

  4. Regulate the Carry Trade

    Harold James

    Regulate the Carry Trade

    4

     warns that the financial practice is fueling today's destabilizing exchange-rate swings.

    Exchange rate currency dollar remnibi Yongsan Garrison/Flickr

    When the global financial crisis occurred, exchange rates were the least interesting part of the macroeconomic debate, causing a 2011 French proposal for a sweeping reform of the international monetary regime to go nowhere. Today, they are the focus of intense anxiety, which is being fueled by one financial practice in particular. READ MORE

  5. Creative Self-Disruption

    Mohamed A. El-Erian

    Creative Self-Disruption

    9

     draws lessons for traditional companies from the rise of firms like Airbnb and Uber.

    Bike sharing community Martin Tod/Flickr

    Companies like Uber, Apple, and Airbnb have succeeded by exploiting a fundamental trend affecting nearly all industries: individual empowerment through the Internet, app technology, digitalization, and social media. If traditional firms hope to remain competitive, they must follow suit. READ MORE

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240 pages

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