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Wed, 11 Nov 2009 00:00:00 GMT
While the economic entanglements between the U.S. and China have increased over the last decade, so has the tension. With President Obama visiting China and other Asian nations, Brookings expert Eswar Prasad and Grace Gu of Cornell University discuss the tightening embrace between the two countries—in terms of flows of goods and services, financial capital and people—and the implications.
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Sat, 31 Oct 2009 00:00:00 GMT
Following a September 18 roundtable focused on the global economic agenda for the fall of 2009, Domenico Lombardi reflects on discussions at this forum, which served to enhance engagement and exchanges between experts from the U.S. and other G-20 countries on the critical issues to be addressed at these highlevel international gatherings.
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Fri, 18 Sep 2009 08:30:00 GMT
Event Information:
- September 18, 2009, 8:30 AM to 5:45 PM
On September 18, Brookings—jointly with the Asian Development Bank Institute and the Inter-American Development Bank—co-hosted a roundtable focusing on the global economic agenda for the fall of 2009. The roundtable served as a forum to enhance engagement and exchanges between experts from the U.S. and other G-20 countries on the critical issues to be addressed at these highlevel international gatherings.
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Tue, 07 Jul 2009 00:00:00 GMT
Discounted by many observers only a year ago, the International Financial Instiutions (IFIs) have been bolstered by support of the G20 process. Domenico Lombardi discusses how the G20 can be used as catalyst for reform within international finance.
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Tue, 19 May 2009 00:00:00 GMT
The financial crisis has re-ignited the debate about the merits of financial globalization and its implications for growth, especially for developing countries. In a new paper, Eswar Prasad and co-authors present a framework for certain economic “thresholds,” such as institutional quality, that once met, can increase the benefits of financial openness.
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Thu, 09 Apr 2009 00:00:00 GMT
Upon conclusion of last week's G-20 Summit in London, U.K. Prime Minister Gordon Brown suggested that the death of the Washington Consensus has been met with the rise of a new era of consensus. Daniel Kaufmann examines the Summit's communiqué and the global response to the financial crisis, finding more evidence of a shift toward pragmatism than the advent of a new ideology.
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Thu, 02 Apr 2009 00:00:00 GMT
The reordering of the global economic power structure has created a leadership void among emerging markets. Eswar Prasad believes India is in an ideal position to lead the emerging markets and urges them to step up.
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Thu, 02 Apr 2009 00:00:00 GMT
Economic conditions in emerging and developing countries are rapidly deteriorating and many are unable to implement recommended fiscal stimulus plans. Following the G-20 London Summit, Mauricio Cárdenas discusses the implications for Latin America and how multilateral development banks will play a role in economic recovery.
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Wed, 01 Apr 2009 12:43:39 GMT
On April 2, leaders of the world’s 20 largest economies will begin talks in London to focus on solutions for the global financial crisis. Johannes Linn previews the meeting and says there a number of actions they must agree on to help mitigate the economic crisis.
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Wed, 01 Apr 2009 00:00:00 GMT
Much has been made of a G-20 split on stimulus plans but is the debate warranted? In a new op-ed, Colin Bradford argues that Europe’s automatic stabilizers should count and what matters most is the total amount of global economic response, particularly for citizens suffering from the crisis.
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Tue, 31 Mar 2009 00:00:00 GMT
In the Turkish Ministry of Foreign Affairs journal, Colin Bradford and Johannes Linn assess the global impact of the G-20 Summit and insist that Turkey actively engages in the G-20 summit process in order to strengthen Turkey’s role as a respected and effective member of the international community.
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Mon, 30 Mar 2009 11:00:00 GMT
Event Information:
- March 30, 2009, 11:00 AM to 12:30 PM
Leaders of the world’s 20 largest economies, including President Barack Obama, will gather in London on April 2 for summit focused on the global financial crisis. On March 30, Brookings hosted a discussion with leading experts on the critical issues facing the leaders at the G-20 Summit.
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Thu, 26 Mar 2009 00:00:00 GMT
Leaders of the Group of 20 (G-20) countries met in London on April 2 for their second summit on the global financial crisis. In a new set of articles, Brookings experts addressed the critical issues for policy-makers and offered guidelines for more effective global coordination.
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Thu, 26 Mar 2009 12:39:12 GMT
As the global economic crisis continues, Mauricio Cárdenas says emerging economies in Latin America and elsewhere are hit especially hard. He says G-20 members must urge the multilateral banks to continue lending to the region and adds that without such assistance the crisis will only worsen.
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Fri, 20 Mar 2009 00:00:00 GMT
Although few developing countries have systemic importance in terms of aggregate world demand, they need supportive global policy action for systemic economic reasons. Kemal Derviş recommends that they should request IMF reforms, greater fiscal support, and more humanitarian development assistance at the G-20 London Summit.
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Thu, 19 Mar 2009 00:00:00 GMT
Under the pressure of the current crisis, the international community is carving out a new role for the IMF. Among Domenico Lombardi's recommendations is making the decision-making system more transparent and inclusive.
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Wed, 11 Mar 2009 12:30:00 GMT
Event Information:
- March 11, 2009, 12:30 PM to 01:30 PM
Traditionally, according to economists, when the U.S. economy catches a cold, the Mexican economy catches pneumonia. Brookings expert Leonardo Martinez-Diaz and Senior Politico Editor Fred Barbash examined the problems plaguing the Mexican economy and potential policy solutions in an onlin chat.
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Tue, 10 Mar 2009 00:00:00 GMT
Will the G-20 be able to offer recommendations for the outdated governance systems of the IMF and the World Bank? Domenico Lombardi suggests a focus on the Bretton Woods model could provide the needed guidance.
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Tue, 03 Mar 2009 00:00:00 GMT
At a Brookings Institution discussion that featured IMF managing director Dominique Strauss-Kahn, Mauricio Cárdenas spoke on how the global financial crisis has impacted Latin America and addressed stimulus plans and challenges.
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Tue, 03 Mar 2009 00:00:00 GMT
Prime Minister Gordon Brown visits Washington this week to push for a “global new deal” to help countries recover from the global financial crisis. In a new Q&A, Brookings’s Eswar Prasad discusses the critical global economic issues for Brown’s Washington agenda.
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Tue, 03 Mar 2009 10:30:00 GMT
Event Information:
- March 03, 2009, 10:30 AM to 12:00 PM
On March 3, Brookings hosted Dominique Strauss-Kahn, managing director of the International Monetary Fund, for a discussion on the impact of the fiancial crisis on low-income countries.
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Wed, 10 Dec 2008 00:00:00 GMT
The Millennium Challenge Corporation (MCC) is one of the outstanding innovations of the eight-year presidency of George W. Bush. Lex Rieffel and James Fox offer recommendations to strengthen the MCC for better results.
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Fri, 10 Oct 2008 00:00:00 GMT
As President-Elect Obama prepares to lead the United States, what are the top global economic challenges facing the new president and his advisors and how should the new administration address them? A new report by Brookings global economic and development experts ranks the top 10 issues and details specific ideas for how to tackle the toughest challenges.
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Thu, 06 Dec 2007 12:00:00 GMT
Event Information:
- December 06, 2007, 12:00 PM to 12:00
Brookings recently hosted leading economists for a discussion on the breadth and depth of sovereign wealth funds and potential regulation.
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Fri, 13 Jul 2007 00:00:00 GMT
Opinion by Johannes F. Linn and Colin I. Bradford, Frankfurter Allgemeine Zeitung (7/13/07)
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Mon, 02 Jul 2007 00:00:00 GMT
Opinion by Colin I. Bradford, The Guardian Unlimited (7/2/07)
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Sun, 01 Jul 2007 00:00:00 GMT
The contributors highlight the innovative way in which Japanese financiers and government officials have learned from the U.S. regarding the introduction of new instruments into their market.
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Thu, 28 Jun 2007 00:00:00 GMT
Opinion by Lex Rieffel, The Brookings Institution (6/28/07)
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Thu, 28 Jun 2007 00:00:00 GMT
Opinion by Wing Thye Woo, The Brookings Institution (6/28/07)
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Wed, 27 Jun 2007 00:00:00 GMT
Opinion by Paul Blustein, The Brookings Institution (6/27/07)
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Thu, 14 Jun 2007 00:00:00 GMT
Lael Brainard says the biggest takeaway from the Currency Exchange Rate Oversight Reform Act of 2007 introduced by Sens. Baucus, Graham, Grassley and Schumer is that Congress has run out of patience with China.
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Wed, 30 May 2007 00:00:00 GMT
Interview by Colin I. Bradford, American Public Media's Marketplace (5/30/07)
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Wed, 30 May 2007 00:00:00 GMT
Interivew by Kenneth Rogoff, Online NewsHour (5/30/07)
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Tue, 29 May 2007 00:00:00 GMT
Both Mr. Tobias and Mr. Wolfowitz came to symbolize similar problems with the current administration's approach to international development. President Bush can reverse these perceptions by establishing an independent executive agency to integrate the bewildering number of foreign aid programs into a coherent, focused cabinet department.
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Fri, 25 May 2007 00:00:00 GMT
Opinion by Ngozi Okonjo-Iweala, The International Herald Tribune (5/25/07)
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Tue, 22 May 2007 00:00:00 GMT
Wing Thye Woo says “if the Chinese economy is depicted as a speeding car, then are three classes of failures that could result in a car crash: (1) hardware failure, (2) software failure, and (3) power supply failure.”
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Fri, 27 Apr 2007 00:00:00 GMT
Opinion by Ralph C. Bryant (04/27/07)
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Fri, 13 Apr 2007 00:00:00 GMT
Opinion by Kenneth Rogoff, Project Syndicate (4/13/07)
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Tue, 27 Mar 2007 00:00:00 GMT
Presentation by Ralph C. Bryant (03/27/07)
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Thu, 15 Feb 2007 00:00:00 GMT
Opinion by Kenneth Rogoff, Project Syndicate (2/15/07)
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Thu, 08 Feb 2007 00:00:00 GMT
Kenneth Rogoff Opinion, Financial Times, February 8, 2007
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Mon, 08 Jan 2007 00:00:00 GMT
Opinion by Kenneth Rogoff, Project Syndicate (1/8/07)
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Mon, 01 Jan 2007 00:00:00 GMT
Dictatorships do not survive by repression alone. Rather, dictatorial rule is often explained as an "authoritarian bargain" by which citizens relinquish political rights for economic security. The applicability of the authoritarian bargain to decision-making in non-democratic states, however, has not been thoroughly examined.
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Mon, 01 Jan 2007 00:00:00 GMT
Cronyism undermines markets in several ways. It increases the costs of doing business for firms excluded from inner, "favored" circles. It encourages firms to spend more on cultivating political ties and less on innovation. It allows regulators and policymakers to benefit privately from relationships with certain firms. Reducing the inequality in influence between the most-powerful and least-powerful firms—the "influence gap"—can limit the harmful effects of cronyism. This can be done through support for greater public accountability, anti-monopoly enforcement, and more inclusive consultation mechanisms.
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Wed, 01 Nov 2006 00:00:00 GMT
When should government intervene in market activity and when is it best to let market forces take their natural course? How does the existing empirical evidence about government performance guide our answers to these questions? In this clear, concise
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Wed, 01 Nov 2006 00:00:00 GMT
Paper by Barry Bosworth and Gabriel Chodorow-Reich (November 2006)
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Sun, 01 Oct 2006 00:00:00 GMT
Opinion by Raj Desai in Kommersant (10/2006)
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Wed, 27 Sep 2006 00:00:00 GMT
Opinion by Johannes Linn and Colin Bradford, Washingtonpost.com (9/27/06)
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Mon, 25 Sep 2006 00:00:00 GMT
An Opinion by Kenneth Rogoff
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Sun, 10 Sep 2006 00:00:00 GMT
Opinion by Ken Rogoff, Japan Times (9/10/06)
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Fri, 01 Sep 2006 00:00:00 GMT
BPEA provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.
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Fri, 01 Sep 2006 00:00:00 GMT
The World Bank is assailed by critics on the left, right and center on the grounds it is not effective, not accountable, not democratic or legitimate, and most threatening of all, not relevant in a global economy where private capital, production, an
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Fri, 01 Sep 2006 00:00:00 GMT
Op-Ed by Colin Bradford
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Fri, 01 Sep 2006 00:00:00 GMT
Paper by Warwick J. McKibbin and Jong-Wha Lee (09/2006)
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Tue, 25 Jul 2006 10:00:00 GMT
Event Information:
- July 25, 2006, 10:00 AM to 12:30 PM
The Hamilton Project released its second set of policy papers, examining trade and government reform.
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Sat, 01 Jul 2006 00:00:00 GMT
Paper by Peter R. Orszag and Michael Deich (7/17/2006)
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Thu, 22 Jun 2006 10:00:00 GMT
Event Information:
- June 22, 2006, 10:00 AM to 11:30 AM
On June 22, members of the bipartisan Brookings-CSIS Task Force on Transforming Foreign Assistance in the 21st Century gathered at Brookings to release new recommendations to address the challenges and opportunities associated with foreign aid transformation.
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Wed, 14 Jun 2006 00:00:00 GMT
Opinion by Martin Mayer, The New York Times (6/14/06)
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Mon, 01 May 2006 00:00:00 GMT
Developed country capital markets have devised a set of institutions and actors to help provide investors with timely and accurate information they need to make informed investment decisions. These actors have become known as "financial gatekeepers."
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Tue, 25 Apr 2006 00:00:00 GMT
Opinion by Lex Rieffel, The Washington Times (4/25/06)
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Thu, 06 Apr 2006 00:00:00 GMT
Testimony by Barry P. Bosworth, Senate Committee on Finance (4/6/06)
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Thu, 06 Apr 2006 00:00:00 GMT
Testimony by Lael Brainard, Senate Committee on Finance (4/6/06)
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Thu, 23 Mar 2006 00:00:00 GMT
Opinion by Lex Rieffel, The Examiner (3/23/06)
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Wed, 01 Mar 2006 00:00:00 GMT
The World Bank's role in middle income developing countries needs to change. Not to end lending to them, or adopt the other proposals from extremists on the right or left. But rather to modernize both what the Bank does and how it does it, so as to respond more effectively to the changed circumstances, needs, and preferences of this group of countries.
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Wed, 01 Feb 2006 00:00:00 GMT
The general-purpose charge card is now ubiquitous and largely taken for granted. Annual charge card volume exceeds $5 trillion worldwide. Within the United States, nearly one billion cards are in use (about eight per household), and more than two billion worldwide. But charge cards, or more specifically, the cooperative networks that serve the largest card systems, Visa and MasterCard, are under legal attack through multiple lawsuits and under regulatory challenge in other countries. We trace in this essay multiple possible future "scenarios." This focus on possible futures distinguishes our work from many earlier studies of this subject.
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Wed, 01 Feb 2006 00:00:00 GMT
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Wed, 01 Feb 2006 00:00:00 GMT
Modern economies are heavily dependent on the corporate form of doing business. The sheer scale of modern commercial activity, once it goes beyond the individual store and workshop, increasingly demands capital beyond the resources of most individual entrepreneurs.
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Wed, 01 Feb 2006 00:00:00 GMT
The IMF is governed by a 24-member Executive Board which represents 184 countries. Although often prized as a small and efficient decision-making body, the Board represents some countries more effectively than others. This is due to the institutional structure and incentives within which the Board operates. Prime among them is a system of constituencies which have formed and evolved as countries have sought to improve their position in the organization. These groups vary in size, shared interests, and distribution of power. Their effectiveness is not only affected by these attributes. It is also determined by decision-making rules across the institution, by the lack of formal accountability of Board members, and by the strength of other coalitions of countries acting informally within the institution. The analysis implies that representation on the IMF Board could be improved without altering the size of the Board.
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Sun, 01 Jan 2006 00:00:00 GMT
This paper reviews competing explanations for the pattern of global imbalances and the magnitude of the U.S. external deficit. It argues that, far from being incompatible, existing explanations are all parts of the larger story.
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Sun, 01 Jan 2006 00:00:00 GMT
As trade flows expanded and trade agreements proliferated after World War II, governments—most notably the United States—came increasingly to use their power over imports and exports to influence the behavior of other countries. But trade is not the only way in which nations interact economically. Over the past two decades, another form of economic exchange has risen to a level of vastly greater significance and political concern: the purchase and sale of financial assets across borders. Nearly $2 trillion worth of currency now moves cross-border every day, roughly 90 percent of which is accounted for by financial flows unrelated to trade in goods and services—a stunning inversion of the figures in 1970. The time is ripe to ask fundamental questions about what Benn Steil and Robert Litan have coined as "financial statecraft," or those aspects of economic statecraft directed at influencing international capital flows. How has the American government practiced financial statecraft? How effective have these efforts been? How can they be made more effective? The authors provide penetrating and incisive answers in this timely and stimulating book.
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Thu, 29 Dec 2005 00:00:00 GMT
A paper by Wing Thye Woo
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Thu, 15 Dec 2005 00:00:00 GMT
Paper by Eswar Prasad and Shang-Jin Wei, China at Crossroads Conference (December 15, 2005)
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Thu, 01 Dec 2005 00:00:00 GMT
Article by Lael Brainard and Robert E. Litan, Perspectives on Work (6/8/05)
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Thu, 01 Dec 2005 00:00:00 GMT
Throughout the 1990s, numerous financial crises rocked the world financial sector. The Asian bubble burst, for example; Argentina and Brazil suffered currency crises; and the post-Soviet economy bottomed out in Russia. In Financial Crises, a distinguished group of economists and policy analysts draw lessons from attempts to recover from these and other financial crises of recent history.
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Mon, 26 Sep 2005 09:30:00 GMT
Event Information:
- September 26, 2005, 9:30 AM to 11:30 AM
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Thu, 22 Sep 2005 00:00:00 GMT
Event Information:
- September 22, 2005 at 12:00 AM
The Global Markets Institute at Goldman Sachs joined Brookings to host a multilateral, two-day conference, "The Top Ten Financial Risks to the Global Economy: A Dialogue of Critical Perspectives."
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Thu, 01 Sep 2005 00:00:00 GMT
Drawing on recent research, this study elaborates on the role of the IMF in support of its low-income members, pointing to the global character of the institution and to its superior ability—given its multilateral nature—to serve as a financial institution, an information provider, and a commitment device. The IMF assists low-income members through a range of activities that are normally bundled together, including lending, offering policy advice, and providing assistance with capacity building. The study reviews the features of IMF policies towards its low-income membership and points to the main challenges to their success.
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Mon, 01 Aug 2005 00:00:00 GMT
Subscribe to Brookings Papers on Economic Activity
Brookings Papers on Economic Activity (BPEA) provides academic a
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Fri, 01 Jul 2005 00:00:00 GMT
White-collar offshoring burst into public consciousness early last year in the middle of a peculiarly unbalanced recovery, in which the share of national income going to workers and the rate of job creation were both unusually low. Coming on top of accelerated job shedding in manufacturing and the bursting of the information technology bubble, this new wave of offshoring expanded yet again the group of U.S. workers facing fundamental insecurity about future earnings.
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Wed, 01 Jun 2005 00:00:00 GMT
Paper by Chad P. Bown and Rachel McCulloch (June 2005)
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Wed, 01 Jun 2005 00:00:00 GMT
Article by Warwick J. McKibbin and Andrew Andrew Stoeckel, Economic Scenarios (June 2005)
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Wed, 01 Jun 2005 00:00:00 GMT
Paper by James B. Ang and Warwick J. McKibbin (June 2005)
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Wed, 01 Jun 2005 00:00:00 GMT
Paper by Warwick J. McKibbin (June 2005)
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Fri, 01 Apr 2005 00:00:00 GMT
Paper by Michael Kremer and Seema Jayachandran (April 2005)
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Mon, 28 Mar 2005 00:00:00 GMT
Opinion by Carol Graham, Christian Science Monitor (3/28/05)
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Tue, 01 Feb 2005 00:00:00 GMT
In The Future of State-Owned Financial Institutions: Policy and Practice noted experts discuss the challenges presented by state-owned financial institutions and offer cross-disciplinary solutions for policymakers and banking regulators.
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Tue, 01 Feb 2005 00:00:00 GMT
Article by Warwick J. McKibbin and Andrew Stoeckel, Economic Scenarios (February 2005)
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Sat, 01 Jan 2005 00:00:00 GMT
The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. This inaugural issue contains highlights from a conference held in New Delhi in March 2004.
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Wed, 01 Dec 2004 00:00:00 GMT
Article by Warwick J. McKibbin and Andrew Stoeckel, Economic Scenarios (December 2004)
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Wed, 01 Dec 2004 00:00:00 GMT
Article by Warwick J. McKibbin and Andrew Stoeckel (12/2004)
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Mon, 01 Nov 2004 00:00:00 GMT
Article by Robert Hahn and Robert E. Litan, The Wall Street Journal Online (11/1/04)
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Mon, 04 Oct 2004 00:00:00 GMT
Comments by Johannes F. Linn, OED Conference on the Effectiveness of Policies and Reforms (10/4/04)
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Thu, 23 Sep 2004 00:00:00 GMT
Event Summary (9/23/04)
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Wed, 01 Sep 2004 00:00:00 GMT
Conference Report #18 by Gerard Caprio, Jonathan Fiechter, Robert E. Litan and Michael Pomerleano. (September 2004)
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Sun, 18 Jul 2004 00:00:00 GMT
Paper by Genevieve Boyreau-Debray and Shang-Jin Wei (7/18/04)
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Tue, 22 Jun 2004 08:30:00 GMT
Event Information:
- June 22, 2004, 8:30 AM to 4:15 PM
The Brookings Institution will convene a one-day Data Workshop to address the vexing problem of inadequacies in the data needed to fully understand the dimensions of services offshoring.
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Wed, 28 Apr 2004 00:00:00 GMT
Paper by Johannes F. Linn, Trans-Atlantic Editors? Roundtable in New York City (4/28/04)
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Thu, 01 Apr 2004 00:00:00 GMT
Opinion by Ralph C. Bryant and Marc de Fleurieu (4/01/04)
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Thu, 01 Apr 2004 00:00:00 GMT
Policy Brief #132 by Lael Brainard and Robert E. Litan. (April 2004)
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Mon, 09 Feb 2004 00:00:00 GMT
Paper by Brigitte Granville and Sushanta Mallick (2/9/04)