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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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May 15, 2012
International Organizations
The G8 Summit at Camp David: A Talk in the Woods
After so many splashy summits, President Obama’s decision to hold this year’s Group of Eight (G8) meeting at Camp David is inspired. The success of leaders-level meetings depends, above all, on oppor…
February 13, 2006
Monetary Policy
It is back. Bretton Woods 2 (central bank financing of the US)
Some would say it never really went away.Emerging market economies did not stop accumulating reserves in 2005. Best I can tell, adjusting for valuation effects and including all the foreign assets o…
October 30, 2007
Monetary Policy
Two coordination problems likely to arise inside Bretton woods 2
Last week, I argued that the emerging world’s governments have been provided the US with an enormous credit line – one large enough to prop the dollar up – even in the absence of any formal instituti…
April 12, 2024
Economics
The IMF and World Bank Spring Meetings: What to Know
The IMF and World Bank’s spring meetings will focus on the prospects for a soft landing after years of global economic turbulence. But major challenges remain, including growing climate finance needs…
April 19, 2007
Monetary Policy
Latin America joins Bretton Woods 2 (Big Time)
Latin America may not think much of W (or the US -- more here), but they seem to have no problem financing W’s Treasury. I previously have mentioned that Brazil’s reserves increased by close to $25…
December 8, 2006
Monetary Policy
Bretton Woods 2: On its last legs? Or still going strong at the end of 2006?
Or perhaps a complicated combination of both? That is a question that has popped up over at Martin Wolf’s forum. It is a keyquestion for the global economy, and for financial markets.Those bettin…