Why have China’s two policy banks with global operations, the China Development Bank and the Export-Import Bank of China, globalized their overseas development finance for coal-fired power plants, while leading development finance institutions elsewhere have pulled back from coal and China has cut back on coal-fired power expansion at home and augmented its international commitment […]
The world economy is still reeling from the COVID-19 shock and the subsequent restrictions to social and economic activity. While in the developed world governments have been able to mobilize a massive arsenal of monetary and fiscal measures to prop up their economies, estimated at between 20 and 25 percent of their GDP, the poorest […]
By Katie Gallogly-Swan The world economy is still reeling from the COVID-19 shock and the subsequent restrictions to social and economic activity. While in the developed world, governments have been able to mobilize a massive arsenal of monetary and fiscal measures to prop up their economies, estimated at between 20 and 25 percent of their […]
The original Maastricht regime designed the Eurozone’s fiscal segment in a way that sought to keep member states’ treasury budgets balanced by disciplining them through market forces, reducing the overall volume of public indebtedness, prohibiting monetary financing and avoiding situations where the Eurozone treasuries would bail each other out. In a new journal article, Andrei […]
By Maureen Heydt and Daniel M. Schydlowsky The Latin American economy has been devastated by the COVID-19 pandemic, with the International Monetary Fund estimating that around 17 million people have fallen into poverty since the start of the crisis. Beyond the COVID-19 crisis, Latin America’s economic growth and financial stability is also imperiled by climate risks, involving […]
For over a year now, the COVID-19 pandemic has strained governments, economies and public health to within breaking point. In South America alone, there have been over 25 million recorded cases of COVID-19 and 679,376 deaths, with an outbreak in Brazil that is the third largest in the world. Amid this great human and economic […]
By Yan Wang China’s economic growth and development over the past 40 years has been remarkable, lifting over 700 million people out of poverty. However, this growth has come with huge costs to the environment and a resultant loss in productivity. According to the World Bank Group, if China could shift to a greener growth […]
By Ember Larregui On Friday, April 9th, the Boston University Global Development Policy (GDP) Center, in partnership with the United Nations Conference on Trade and Development (UNCTAD) hosted a webinar discussion on the role of multilateralism in combating climate change with climate finance, just recoveries and a Global Green New Deal, as part of the […]
By Steffen Murau, Fabian Pape and Tobias Pforr The view that the international monetary system is hierarchical has become increasingly common in International Political Economy (IPE) scholarship. Yet the nature, shape, and origin of this hierarchy often remain vague, as assessments vary considerably based on the analytical starting point. For example, is it a hierarchy […]
On the eve of the COVID-19 crisis, the global financial safety net (GFSN) boasted more liquidity resources than at any other point in history. As the global economy entered into free fall due to the economic effects of the pandemic and efforts to stop the spread of COVID-19, both casual observers and experts were convinced […]