Global economics and governance
Coordinator: André Sapir
Contributors: Zsolt Darvas, Jean Pisani-Ferry, André Sapir, Nicolas Véron, Reinhilde Veugelers, Guntram Wolff, Ignazio Angeloni, Henrik Horn, Shahin Vallée, Jürgen von Hagen
External contributors: Thilo Hanemann, Team from CEPII (Paris) led by Agnès Bénassy-Quéré
Global and international issues remain high on the policy agenda, in part because of the G20, but in part also because tectonic shifts within the global economy have been accelerated by the crisis. Divergence between advanced and emerging economies and its consequences for their coexistence within the global system of trade and finance raise new issues for research and policy.
In 2011 research at Bruegel will concentrate on three domains: global economic, monetary and financial governance; the reform of the international monetary system; and interdependence in the new global context.
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Real effective exchange rates for 178 countries: a new database
15th March 2012
Using data on exchange rates and consumer price indices and a weighting matrix, we calculate up-to-date consumer price index-based REER (the real effective exchange rate) for 178 countries – many more than in any other publicly available database – plus for the euro area. The database will be irregularly updated. -
The internationalisation path of the renminbi
13th March 2012
This paper focuses on the internationalisation sequence of the renminbi, its meaning and its outlook. It is part of a broader work, which concentrates on the consequences for the international monetary system as a whole. -
Don’t let the euro-area crisis go east
3rd February 2012
The European Union is committed to strengthening its partnership with China, as demonstrated by the fourteenth EU-China summit, to take place in Beijing on 14…
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Fiscal federalism: US history for architects of Europe's fiscal union
10th January 2012
Ever since first the blueprints for monetary union in Europe were drawn up, the United States, considered as a collection of individual states or regions, has served as a benchmark for assessing its feasibility and evaluating alternative policy options. -
The group of G20: Trials of global governance in times of crisis
7th December 2011
In spite of the disappointing outcome of some recent summits, notably the most recent in Cannes, the G20 is and should remain the cornerstone of…
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The international monetary system is changing: what opportunities and risks for the euro?
2nd November 2011
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…
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Wanted: a stronger and better G20 for the global economy
31st October 2011
Ahead of the G-20 summit in Cannes of 3-4 November, this policy contribution by Jean Pisani-Ferry and Ignazio Angeloni outline a set of priorities to…
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An evaluation of IMF surveillance of the euro area
31st October 2011
This report evaluates International Monetary Fund surveillance of the euro area in the years before the financial crisis and during 2008-10. -
Transatlantic relations and globalization in time of crisis?
28th September 2011
This is the transcript of the speech Transatlantic relations and globalization in time of crisis? by Portugal's Finance Minister Vitor Gaspar presented at the Bruegel…
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Testimony on the European debt and financial crisis
23rd September 2011
This Policy Contribution reproduces the written statement prepared by the author for the hearing "The European debt and financial crisis: origins, options and implications for…
