By Rishikesh Ram Bhandary On Tuesday, October 5, the Boston University Global Development Policy (GDP) Center co-hosted a webinar discussion with seven institutions from around the world on establishing a development-centered climate policy at the International Monetary Fund (IMF). The discussion was co-sponsored by the Intergovernmental Group of 24 (G24), the Vulnerable Group of Twenty […]
By Yaechan Lee Financial crises can serve as catalysts for reinforcing and diversifying anti-crisis safety nets. Following the 2008 financial crisis, improvements were made to the network of crisis support known as the Global Financial Safety Net (GFSN), born out of the recognition of inefficiencies and the under capacity of existing anti-crisis institutions and arrangements. […]
In the seven decades since World War II, how has international banking changed and evolved to the present day? A new journal article by Non-Resident Senior Fellow Robert N. McCauley, Patrick McGuire and Philip Wooldridge explores the structural and cyclical factors behind the international banking industry, including its evolution in the 1950s, the role of regulatory arbitrage […]
The Global Development Policy Center’s (GDP Center) mission is to advance policy-oriented research for financial stability, human wellbeing and environmental sustainability. The GDP Center is a university-wide research center in partnership with the Frederick S. Pardee School for Global Studies and the Office of Research at Boston University. The ambition of the GDP Center is […]
The International Monetary Fund (IMF) provides a global public good when it lends emergency balance of payments support to countries that otherwise could not access such financing at comparable terms. No country borrows from the IMF lightly, and only does so as a last resort in the face of an economic crisis. In exchange for […]
By Rishikesh Ram Bhandary The International Monetary Fund (IMF) recently approved a global allocation of $650 billion in Special Drawing Rights (SDRs) to support global liquidity, address the ongoing COVID-19 pandemic and foster resilience of the global economy. While a substantial step in the right direction, the allocation falls short on two main fronts. First, […]
By Rishikesh Ram Bhandary In July of 2021, the International Monetary Fund (IMF) released a draft of its climate change strategy, a substantial step towards incorporating and preparing for the inevitable impacts of climate change. As the Fund bears the mandate to safeguard the international monetary and financial system, it has a central role to […]
By Katie Gallogly-Swan On Monday, September 27, the Boston University Global Development Policy (GDP) Center and the United Nations Conference on Trade and Development (UNCTAD) hosted a webinar discussion to explore the future of US trade policy under the Biden administration. The discussion was moderated by the GDP Center Researcher Rachel Thrasher and featured Richard […]
By Rachel Thrasher The growth of Bangladesh’s pharmaceutical sector into an economic powerhouse has helped the country meet the necessary criteria for graduation from Least Developed Country (LDC) status. But upon graduation, the country will need to begin bringing its policy landscape into compliance with the trade and intellectual property rules at the World Trade […]
The Boston University Global Development Policy (GDP) Center is a university-wide research center in partnership with the Frederick S. Pardee School for Global Studies and the Office of Research at Boston University. In its first year of operation, the GDP Center is proud to present the 2018 Annual Report. The report provides an overview of the […]