Reform of the international monetary system is under discussion after three decades of apathy. Tectonic shifts in the balance of international power have made reform…
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
The interactions between Europe and the international economy are manifold. The crisis of the euro area has been an opportunity for the world to discover the importance of interdependence in the same way the financial crisis of 2007-2008 highlighted the magnitude of spillovers from the US onto the rest of the world. In 2011 research at Bruegel concentrated on three domains: global economic, monetary and financial governance; the reform of the international monetary system; and interdependence in the new global context. In 2012, Bruegel will continue to devote a fair share of its resources to analyzing developments in the world economy, with special attention to the interactions between, on the one side, European (or European-based) actors and, on the other side, global actors and actors located in the EU’s neighbourhood. The three main lines of research will be global governance, Asia, and the relations between the EU and major regional players.
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Reform of the international monetary system: Some concrete steps
28th March 2011
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An ocean apart: Comparing transatlantic responses to the financial crisis
12th March 2011
Has the EU-US relationship become a sideshow or is it still central to the global economy? Conflicting signals have been sent out since the outbreak…
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From convoy to parting ways? Post-crisis divergence between European and US macroeconomic Policies
15th February 2011
The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of…
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Too big to fail: the transatlantic debate
5th February 2011
Although the United States and the European Union were bothseriously impacted by the financial crisis of 2007, the resulting policy debates and regulatory responses have…
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The threat of 'currency wars': a European perspective
13th December 2010
This Policy Contribution was prepared as a briefing paper for the European Parliament Economic and Monetary Affairs Committee's Monetary Dialogue, entitled The threat of currency…
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The threat of "currency wars"
30th November 2010
In this paper, originally written for the Economic and Monetary Affairs Committee (ECON) of the European Parliament on 30 November as part of the series…
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Future developments of global imbalances
15th March 2010
Although the crisis was not triggered by a sudden capital outflow from current account deficit countries, such as the US, the deep roots of global…
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China and the world economy: a European perspective
12th March 2010
Jean Pisani-Ferry discusses the emergence of China as a key economic and global player from a European perspective. Looking ahead, this paper focuses on two…
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Monetary Policy on the Way out of the Crisis
1st December 2009
In this paper, commissioned by the European Parliament, Bruegel Visiting Scholar, Juergen von Hagen analyses the European and US monetary strategies during the crisis and…
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The G20 is not just a G7 with extra chairs
21st September 2009
The G20 is not just a G7 with Extra Chairs is a joint paper written by Agnes Benassy-Quere, Rajiv Kumar and Jean Pisani-Ferry (Director of…
