Video
On 18th October 2012, Bruegel, Brussels, CEPII and Moscow Higher School of Economics held a high-level economic conference on the key current global financial and economic policy challenges, bringing together academics and policymakers from most G20 countries to identify policy implications for Europe, Asia and the Americas, and action lines for G20.
Blog Post
The good news is that the G20 summit seems to have been more forceful in addressing the impending risks to the international economy than last minute expectations implied. A dubitative form is necessary, however, because the signs from Los Cabos are uncertain and partly contradictory and also because a lot will depend on follow-ups. The […]
Blog Post
Everybody knows the euro area is at a critical juncture. A financial reform program is being prepared and should be on the table of the European Council on June 28-29. If things go well (read: if financial markets are reassured that Europe will eventually sort out its financial mess) this should not only redefine the […]
Blog Post
Torna lo spettro del 1992: non quello, che alcuni pure paventano, del terrorismo e dell’instabilità politica, ma quello della tempesta monetaria. A chi li ha vissuti gli eventi degli ultimi mesi ricordano in modo impressionante quell’estate di vent’anni fa che precedette la drammatica svalutazione della lira e di altre valute europee. La storia si ripete […]
Working Paper
The G20 has produced mixed results. After initial high hopes and some success, negotiations within the G20 forum have slowed, progress is less visible and disagreement rather than agreement has come to the fore. Against this background, this paper revisits the basic economic and geopolitical motivations for the G20, in order to review its performance and attempt to draw lessons for the path ahead.
Blog Post
In diplomatic language there is a difference between saying “event B cannot happen because condition A is not fulfilled” and saying “event B will happen if – or even as soon as – condition A is fulfilled”. This distinction helps understand what happened last weekend in the G20 ministerial meeting in Mexico City. A few […]
Blog Post
The distinguishing trait of the G20 is the inclusion of the emerging economies (EME) alongside with the advanced ones. The main industrial countries have long had their proprietary policy forum: the G7. On the contrary, until the launch of the G20 summit in November 2008, the group of EME, that together with the developing bloc […]
Working Paper
In spite of the disappointing outcome of some recent summits, notably the most recent in Cannes, the G20 is and should remain the cornerstone of the global financial architecture. Its record of performance in the last three years, reviewed in this paper, is mixed but not as unambiguously negative as critics have said.
Working Paper
This working paper argues that the international position of the US dollar is likely to erode in the coming years, though the speed of the process is uncertain. This will create a demand for other currencies to be used internationally as means of payment and store of value. As far as the euro is concerned, this will result in radical steps towards fiscal and financial integration.
Blog Post
In August, as the euro crisis worsened and its focus shifted on Spain and Italy, the G20 issued a statement committing to take “all necessary initiatives in a coordinated way to … ensure financial stability and liquidity in financial markets”. Since then, two things have happened. First, sovereign risks have increased, lacking decisive action by […]