“Half a century ago, on Sunday evening of 15h August 1971, president Nixon, “fighting the currency speculators”, has “suspended” the convertibility of the USD into gold (Nixon speech is available here https://www.youtube.com/watch?v=ye4uRvkAPhA). The 1971 decision has opened a new – still unfinished – chapter in world economic, monetary and financial history. Please share with us your thoughts – memories, lessons, dreams – related to this 50th anniversary. Are floating exchange rates the solution or are they the problem for the world of today?”
„The G7 meetings took place on 11-13 June 2021. What are the key takeaways and blind spots that the G7 should put on its agenda for its next meeting?„
Sustainable finance is very much in fashion nowadays as it is seen as one for the tools for slowing down climate change. But “sustainable finance” is more a catchword than a definition of a precise financial product or technique. What needs to be put in place in order to leverage the present enthusiasm around sustainable finance?
The coronavirus crisis and the restrictions on economic activity have threatened the livelihoods of many of the poorest families on the planet. To respond to this global crisis, some governments around the world consider how to expand their social safety net as many – especially women – in household or informal economy are left without any support. In this context, the idea of „universal basic income“ has resurfaced in many places. Where does this debate stand today in your region? Has it been affected by the pandemic?
“Does the world need to contain China and how?
„A new allocation of a significant amount of SDRs to developing countries could be part of a global response to the pandemic, particularly in times when a private global currency (such as Libra/Diem) is about to be launched. What are the political prerequisites and what should be the magnitude of the next allocation to meaningfully alleviate the hardship of the developing countries?“
“What are the economic lessons that we (or the world) has to retain from the Trump era?“
For many different reasons, the pandemic not being the least, the world is facing many tensions and challenges. In this context, the incoming American administration might play a critical – in the primary sense of the word – role, for the best as well as for the worst. The new year 2021 is about to begin. Taking the pretext of the period of season’s wishes and greetings, we propose to draft a wish list that we could share with the incoming Biden administration, especially in the field of of economic objectives and policies, but taking into account also the regional priorities which are familiar to you
Observatoire de la Finance wishes you a mask-free Happy New Year 2021.