Global currencies for tomorrow: a European perspective
Angeloni, Ignazio, Bénassy-Quéré, Agnès, Carton, Benjamin, Destais, Christophe, Darvas, Zsolt, Pisani-Ferry, Jean, Sapir, André & Vallée, Shahin. This report examines how the international monetary system (IMS) might evolve and the implications of different scenarios for the euro area over the next fifteen years. After the collapse of the Bretton Woods system forty years ago, the IMS gradually developed into its […]
The Second Great Contraction
Rogoff, Kenneth. Why is everyone still referring to the recent financial crisis as the “Great Recession”? The term, after all, is predicated on a dangerous misdiagnosis of the problems that confront the United States and other countries, leading to bad forecasts and bad policy. The phrase “Great Recession” creates the impression that the economy is […]