Aligning Central Bank Refinancing Operations with the G20 Agenda
Chiara Colesanti Senni and
Pierre Monnin | 6 October 2021
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risk,
G20,
Targeted Refinancing Lines Since the Pittsburgh Summit in 2009, G20 leaders have repeatedly highlighted inclusive growth and environmental protection as core objectives in their joint declarations. With the widening of economic inequalities and the acceleration of climate change and biodiversity loss, their calls for action have gained further
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Digital Trade: Top Trade Negotiation Priorities for Cross-Border Data Flows and Online Trade in Services
Jane Drake-Brockman,
Gabriel Gari,
Stuart Harbinson,
Bernard Hoekman,
Hildegunn Kyvik Nordås and
Sherry Stephenson | 16 September 2021
Policy Briefs,
Trade | Tags:
Digitalization,
Services Trade,
WTO This policy brief sets out recommendations to achieve a new multilateral framework of trade rules in the digital arena, thereby facilitating continued digital transformation of services and growth in cross-border flows of data. The present moment is critical. Successful conclusion of World Trade Organization (WTO)
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Systemic Risk Buffers – The Missing Piece in the Prudential Response to Climate Risks
Pierre Monnin | 1 June 2021
Monetary,
Policy Briefs | Tags:
Climate Risk,
European Systemic Risk Board,
Macroprudential Regulation,
Systemic Risks Climate-related financial risks can potentially destabilize the financial sector. This fact is acknowledged by the major international financial bodies – the Financial Stability Board (FSB), the Bank for International Settlements (BIS), the International Monetary Fund (IMF) – as well as by the Central Banks and
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“If Something Cannot Go on Forever, It Will Stop“
William White | 1 April 2021
Fiscal,
Monetary,
Policy Briefs | Tags:
Covid-19,
Debt,
Democracy,
Environment,
Financial Stability,
Health Systems,
Inequality,
International Cooperation,
Resilience “If something cannot go on forever, it will stop.” This famous observation was made by Herb Stein, Senior Fellow at the American Enterprise Institute. It became famous largely because it was just that, obvious. Yet, what is no less obvious is that public policy is
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Services Trade Governance in the Digital Economy
Hildegunn Kyvik Nordås | 26 March 2021
Policy Briefs,
Trade | Tags:
Digitalization,
Services Trade,
Trade Policy Services are at the frontier of the transformation to a digital economy. R&D as well as information and communication technology drive the transformation and make services more tradable across borders. The General Agreement on Trade in Services (GATS) governing global services trade was designed in
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