AUTHOR'S BIO
Jose Antonio Ocampo
José Antonio Ocampo, former United Nations Under-Secretary-General for Economic and Social Affairs and former Finance Minister of Colombia, is Professor and Member of the Committee on Global Thought at Columbia University.
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The G-20’s Helpful Silence on Capital Controls
Jose Antonio Ocampo, Stephany Griffith-Jones and Kevin P. Gallagher Series: The New Global Economy 2011-10-30When French President Nicolas Sarkozy took the reins as host of this year’s G-20 summit, to be held in Cannes on November 3-4, he called on the IMF to develop an enforceable “code of conduct” for the use of capital controls in the world economy. But, while the IMF’s proposed code is a step in the right direction, it is misguided.... read Comments: 3 Recommended: 0 Read: 13392
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Damming Capital
Jose Antonio Ocampo, Kevin P. Gallagher and Stephany Griffith-Jones Series: Frontiers of Growth 2011-04-19
Capital controls have been at the center of global financial debates for two years, as emerging countries strain under a wave of speculative inflows. Now, the IMF has finally endorsed some capital-account regulations, but its new guidelines don't go nearly far enough.... read Comments: 1 Recommended: 0 Read: 14390
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A Modest Proposal for the G-20
2011-04-01In March, a group of international scholars and policymakers met in Beijing to discuss reform of the international monetary system. The consensus was that the G-20 should adopt a modest proposal this year: a limited expansion of the International Monetary Fund’s current system of Special Drawing Rights.... read Comments: 1 Recommended: 2 Read: 28391
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The Case for Re-Regulating Capital Accounts
Jose Antonio Ocampo Series: Frontiers of Growth 2010-11-12
A serious discussion of global capital-account regulations would benefit both advanced and emerging-market economies. Inded, this would adhere to the IMF’s founding principle: it is in the best interest of all members to allow countries to pursue their own full-employment macroeconomic policies, even if this requires regulating capital flows.... read Comments: 0 Recommended: 0 Read: 11881
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Exchange Rate Disorder
Jose Antonio Ocampo Series: Frontiers of Growth 2010-04-16Export-led growth by major economies – China, Germany, Japan, and the US – is becoming a threat to the world economy. And, to the extent that major emerging-market countries will continue to lead the global recovery, they should reduce their current-account surpluses or even generate deficits to help, through increased imports, spread the benefits of their growth worldwide.... read Comments: 1 Recommended: 1 Read: 14295
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Reserve Reform
Jose Antonio Ocampo Series: The World in Words 2009-04-22
Both China and a UN commission on international monetary and financial reforms have called for a new global reserve system. The issue should be at the top of the agenda when the IMF’s International Monetary and Financial Committee next meets.... read Comments: 0 Recommended: 0 Read: 16037
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What Should Bretton Woods II Look Like?
Jose Antonio Ocampo Series: Frontiers of Growth 2008-11-04The current financial crisis has made the need for reform of the international financial architecture patently clear. Any “Bretton Woods II” conference must propose a global system for prudential regulation and supervision, a revamped IMF, and an international debt court.... read Comments: 1 Recommended: 0 Read: 18586
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Self-Financing Development
Stephany Griffith-Jones, Jose Antonio Ocampo and Pietro Calice Series: Frontiers of Growth 2008-08-30Developing countries have been accumulating foreign-exchange reserves at an unprecedented pace in recent years, with their total volume now totaling roughly $5 trillion. If developing countries were to use a small portion of this wealth to increase financing for regional and sub-regional development banks, they could more easily meet their infrastructure investment needs.... read Comments: 0 Recommended: 0 Read: 19342
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Global Economic Cooperation or Bust
Jose Antonio Ocampo and Rob Vos Series: Frontiers of Growth 2007-03-09According to estimates by the United Nations, the global economy expanded by 3.8% last year, continuing the strong performance recorded since 2003. Led by China and India, developing countries were prominent among the best performing economies, expanding by 6.5% on average in 2006. But can this apparently benign pattern of global growth be sustained, particularly since growth has been accompanied by ever-widening global financial imbalances? ... read Comments: 0 Recommended: 0 Read: 20123
| Mind the Gap | Jose Antonio Ocampo 
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