TF9 - International Finance INTERNATIONAL STANDARDS AND THE ROLE OF CENTRAL BANKS IN GLOBAL FINANCIAL GOVERNANCE ABSTRACT The formal arrangements for the governance of international monetary and financial crises have remained reasonably stable over the past 40 years, but the identity of the leading actors, [...]

TF9 - International Finance POLICIES FOR MANAGING A WAVE OF SOVEREIGN DEBT CRISES ABSTRACT The international financial architecture is not well equipped to deal with a situation in which many countries default at the same time as a result of an exogenous shock. If all [...]

TF9 - International Finance EXITING THE COVID GLOBAL RECESSION: POLICY PROPOSALS ABSTRACT This policy brief warns about the risks of discontinuation of the policy responses to the COVID crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting [...]

TF9 - International Finance ADDRESSING GOVERNANCE IN THE TOKEN ECONOMY ABSTRACT The Token Economy presents revolutionary digital solutions to the traceability and certification of sequential transactions. Beyond financial markets, tokenisation has the potential to multiply all types of transaction exponentially and to develop customised investment [...]

TF9 - International Finance MITIGATING AND MANAGING THE EFFECTS OF CLIMATE CHANGE ON MACROFINANCIAL STABILITY AND SOVEREIGN RISK ABSTRACT Climate change can negatively affect macrofinancial stability and amplify sovereign risk. By raising the cost of sovereign borrowing for climate-vulnerable countries, it limits the fiscal space [...]

TF9 - International Finance THE NEED FOR A DEVELOPMENT CENTERED CLIMATE CHANGE POLICY AT THE INTERNATIONAL MONETARY FUND ABSTRACT Climate change and climate change policy pose significant risks to financial and fiscal stability.They also pose risks and offer opportunities for growth and development prospects.As the [...]