By Yudong (Nathan) Liu On November 16, 2023, the Boston University Global Development Policy Center hosted a webinar to accompany the launch of new data in the China’s Global Energy Finance (CGEF) Database. The webinar was moderated by Oyintarelado Moses, Data Analyst and Database Manager, and featured presentations by Cecilia Springer, Non-resident Senior Fellow and […]
By Laurissa Mühlich, Barbara Fritz and William N. Kring Reform of the international financial architecture has become a pivotal issue, particularly for emerging market and developing economies (EMDEs) facing pressures from all sides: high interest rates, an increasing cost of capital, growing sovereign debt burdens, rising geopolitical tensions and climate shocks. The Global Financial Safety […]
By Tim Hirschel-Burns With the 28th United Nations Climate Change Conference (COP28) in Dubai underway, countries are yet to resolve major questions on closing the gap on both climate finance and ambition. Most notably, last year’s key decision to establish a loss and damage fund, has long been mired in debate. Although the fund has now […]
Since the 1997 Asian Financial Crisis, East Asia has gone from having virtually no regional financial cooperation to having multiple cooperative arrangements. In preparing for a future crisis, how would emergency mechanisms function to prevent and manage currency crises in East Asia? A new journal article in International Relations of the Asia-Pacific from William Grimes, […]
Energy infrastructure facilitates economic growth, generates jobs, increases productivity and reduces the cost of doing business. Yet, many African countries experience a wide range of energy deficits, including low rates of electricity access and a lack of clean cooking fuels and technologies. About 600 million people—43 percent of Africa’s population—lacked access to electricity in 2021. […]
By Mridhu Khanna On November 9, 2023, the Boston University Global Development Policy Center (GDP Center) hosted Eric Helleiner, Professor of Political Science at the University of Waterloo, for the final installment of the Fall 2023 Global Economic Governance Initiative Book Talk Series. Helleiner spoke to the Boston University community about his latest book, The […]
By Tim Hirschel-Burns On December 1, 2023, Brazil took over the presidency of the Group of 20 (G20) from India (the recent addition of the African Union as a permanent member means the forum has 21 members, but for now it’s still being called the G20). Brazil’s presidency—its first time heading the organization—will include over […]
By Claire Paul Ahead of a bilateral meeting on November 15, China and the United States announced an agreement to jointly tackle global warming by ramping up wind, solar and other renewable energy with the goal of displacing fossil fuels. The agreement comes just weeks before global leaders, policymakers and other key stakeholders will meet […]
The Global Financial Safety Net (GFSN) has been dramatically reshaped since 2000. While the International Monetary Fund (IMF) is still the world’s largest and most capable provider of emergency liquidity, as well as the only one that operates at a global level, it is now flanked by multiple regional financial arrangements (RFAs) whose combined lending […]
The rapid growth in stablecoin issuance and the recent testing of stablecoins’ par settlement promises has provoked a flurry of papers proposing various forms of regulation and alternatives, from various vantage points. However, how do stablecoins hold up from the vantage point of the money view, which focuses attention on the mechanism of settlement and […]