Posted on August 16, 2016 by iMFdirect
We have a global economy, but we don’t have a global currency. Or do we?
In this podcast interview with Benjamin Cohen, professor of International Political Economy at the University of California, Cohen explains why currencies become internationalized, and examines the relationship between world currencies and State power. Continue reading
Filed under: Advanced Economies, developing countries, euro zone, Europe, Finance, IMF, International Monetary Fund | Tagged: Benjamin Cohen, China, currency, currency internationalization, International Monetary Fund, sovereignty, state power, U.S. dollar, yuan | Leave a comment »
Posted on July 8, 2010 by iMFdirect
By Olivier J. Blanchard
The macroeconomic forecasts in the IMF’s latest World Economic Outlook update reflect two opposing forces. Looking back, say over the first half of the year, numbers about economic activity have come in strong, indeed somewhat stronger than we had forecast. These would give reasons to be more optimistic than we were earlier.
Looking forward, however, strong clouds have appeared on the horizon. They present real dangers and serious policy challenges, and give reasons to be less optimistic than we were earlier.
Assessing the balance of these two forces is a difficult exercise. Our forecast for world growth in 2010 is about 4½ %, a bit higher than our April forecast of around 4¼ %. This revision largely reflects the stronger activity during the first half of the year. Our forecast for 2011 is broadly unchanged, at about 4¼ %.
Filed under: Advanced Economies, Africa, Asia, Economic Crisis, Economic research, Emerging Markets, Europe, Financial Crisis, Fiscal Stimulus, Low-income countries, recession | Tagged: capital flows, China, euro, Europe, fiscal consolidation, G-20, Greece, IMF World Economic Outlook, Olivier Blanchard, unemployment, world growth, yuan | 4 Comments »