This working paper  argues that the international position of the US dollar is likely to erode in the coming years, though the speed of the…

There is an unequivocal sign that a cooperation mechanism, a policymaking forum, a “G” in short, is losing effectiveness; that its agenda is becoming an…

On November 11-12, G-20 leaders meet in Seoul with Korea as the host—the first time that an emerging or newly industrialized country chairs the meeting.…

The fifth G20 summit, taking place in Seoul, Korea, on November 11-12, 2010, stands out as a significant event in several ways. It is the…

In this piece, Jean Pisani-Ferry talks about the latest economic policy proposal by the US and EU and the differing motivations behind these moves. While…

In recent decades economists have been calling for more coordination of the countries’ macroeconomic policies. Some institutions, and especially the IMF, are formally charged with,…

Since the beginning of the fall, the Framework for Strong, Sustainable and Balanced Growth launched at the G20 meeting of Pittsburgh one year ago seems…

At their meeting on October 23 in Gyeongju, the G-20 finance ministers agreed to recommit to more market-determined exchange rates and refrain from competitive devaluations.…

A global imbalances are beginning to widen again foreign-exchange markets have experienced increasing volatility in recent weeks with large swings in bilateral rates resulting in…

“Problems are rarely solved; they are usually overtaken by new problems” – an old friend of mine, unrepentant pessimist, used to say. This bleak assessment…