The Economic Outlook and the Role of Central Banks in the Current Context of Commodities Crisis
Interview with Otaviano Canuto, Senior Fellow at the Policy Center for the New South December 14, 2022
Interview with Otaviano Canuto, Senior Fellow at the Policy Center for the New South December 14, 2022
The war in Ukraine is bringing substantial financial, commodity price, and supply chain shocks to the global economy. Sanctions on Russia are already having a significant impact on its financial system and its economy. Price shocks will have a global impact. Energy and commodity prices—including wheat and other grains—have risen, intensifying inflationary pressures from supply chain disruptions and the recovery from the pandemic. The push toward relative deglobalization received from the pandemic will get stronger. One may expect an increasing weight of geopolitics in international payments and in the access to special commodities.
ECON+ has, once again, the pleasure of bringing you an exclusive interview with Otaviano Canuto, Executive Director at the World Bank. This time, the article “The Mist of Central Bank…
Book launch (2014-01-29) - "Dealing with the challenges of macro financial linkages in emerging markets" Click here to download To watch the book launch, click here or copy and paste…
Confidence in conventional financial stability regimes was shattered by the scale of the financial crisis. This book chapter explores the need for coordination between monetary policies and macro prudential…
VoxEU The global financial crisis has shattered the confidence of many established principles of monetary policy and financial supervision. This column argues that the two should not remain separate,…
If the global financial crisis -- and the events that led up to it -- have taught us anything, it is,“No complacency with asset price booms”. We know first…
The objective of this paper is to analyse the concept and determinants of “sovereign risk” and the role of the credit risk rating agencies which serve internationally as the…
After the Second World War, advanced economies began an ambitious process toward capital account liberalization, which prioritized the liberalization of trade, the maintenance of fixed exchange rates, and a…
VoxEU Sovereign ratings are important for countries to access international capital, but even today 58 developing countries are not rated by Standard and Poor’s, Moody’s, or Fitch. This column…
Debt and credit ratings keep making headlines. But for a moment, forget about their impact in the U.S. and Europe, where an abundant set of economic data exists both…
The world of presumed stable monetary and financial conditions was severely shaken by the recent global financial crisis. And with that, the separation in some quarters of financial supervision…
Project Syndicate Not long ago, the separation of financial supervision and monetary policy was in vogue in many countries. Some countries – like the United Kingdom and Australia – went…
The 2008–09 crisis opened the door to a different kind of thinking in international macroeconomics—and closed it on some of the previous orthodoxy. Let’s take a look at some…
Once upon a (not long ago) time, there was a widely established set of blueprints for regimes of monetary and exchange rate policies expected to fit a full range…