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Virus To Vitamin n°21, 29/10/21

Inequalities seem to accelerate in every part of the world due to Covid and otherwise. Unlike in the climate debate, in social issues we do not have a proper threshold for catastrophe. This leads to a possible overestimation of social resilience and leaves the issue as such largely untackled. Drawing on the particularities of your region or on your area of expertise, what should/can be done in priority?

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Virus To Vitamin n°20, 24/09/21

Insurance companies play a key role in pricing, transferring and managing damage-related risks. Yet, in 2015, just before the UN Climate Change Conference (COP 21), the then CEO and Chairman of global insurance company AXA – Henri de Castries – warned that “a four degrees’ rise in global average temperature is not insurable.” According to Intergovernmental Panel on Climate Change (IPCC), we are today aiming at four degrees. In fact, De Castries poses the question of how uncertainty will be priced and mitigated in our world which is off track of net-zero greenhouse gas emission target. Would public authorities become by default the only available shelter against some risks, and what would this imply for financial markets, insurance companies and public finances?

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Virus To Vitamin n°19, 27/08/21

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?”

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Virus To Vitamin n°17, 25/06/21

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?

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Virus To Vitamin n°16, 28/05/21

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?

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Virus To Vitamin n°14, 19/03/21

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?”