International Economics

Breaking up the Euro would empower the nationalists

Miguel Otero-Iglesias. Op-Ed - 21/11/2016.

Despite recent tensions, the Euro has created deep ties that go beyond economic cooperation and are integral to European identity.


Trump on trade: from populism to policy

Richard Higgott. Expert Comment 48/2016 - 14/11/2016.

The future of the global trade regime depends on educating Trump and his supporters that free trade is an opportunity, not a risk, and that the WTO is still the best place to secure the norms of an open liberal trade system.


Panama Leaks and the Tide of Tax Reform

Leonard Seabrooke and Duncan Wigan. Expert Comment 16/2016 - 13/4/2016.

The leak of the ‘Panama Papers’ has created an enormous scandal and, more importantly, a great deal of political momentum for the international tax-reform agenda.


Document of interest: IMF - World Economic Outlook: Too Slow for Too Long

. MI - 13/4/2016.

The baseline projection for global growth in 2016 is a modest 3.2 percent, according to the last World Economic Outlook by the International Monetary Fund. The recovery is projected to strengthen in 2017 and beyond, but uncertainty has increased, requiring urgent, broad-based policies to be adopted. Full report.

En el World Economic Outlook de este mes de abril, el Fondo Monetario Internacional fija su estimación del crecimiento global en un modesto 3.2% para este 2016. Aunque se espera que la recuperación se fortalezca en los próximos años, también ha aumentado la incertidumbre, lo cual requiere de la adopción de medidas urgentes. Informe completo.


What Europe needs is not an end to the euro, but better leadership

Miguel Otero-Iglesias & Erik Jones. Op-ed - 22/3/2016.

What the European Union needs is not an end to the single currency, it is better economic leadership.


The interdependence of the British economy: a contribution to the Brexit debate

Alfredo Arahuetes and Federico Steinberg. ARI 29/2016 (English version) - 17/3/2016.

It is not easy to justify the UK’s exit from the EU on the grounds of economic arguments.


Document of interest: G20 - Communiqué: Finance Ministers and Central Bank Governors Meeting

. MI - 2/3/2016.

Final communiqué of the meeting of Finance Ministers and Central Bank Governors of the G20 countries, which took place in Shanghái on 26-27 February.

Comunicado final de los gobernadores de los bancos centrales y ministros de finanzas de los países del G20 tras la reunión celebrada en Shanghái el 26 y 27 de febrero.


How to strengthen the G20: Spain’s multilateral perspective

Miguel Otero-Iglesias. ARI 21/2016 - 25/2/2016.

In the context of slow growth, destabilising capital flows and currency wars, the G20 must develop joint solutions to overcome common problems.


China has changed the global economic order – with the help of Europe

Miguel Otero-Iglesias. Op-ed - 20/1/2016.

Ancient Chinese strategists always believed that a tripolar system is the best political configuration for stability. The same goes for global economic governance, and the three main poles (although not the only ones) should be: the US, China and the European Union.


The institutional limits to the internationalisation of the RMB

Miguel Otero-Iglesias. Op-Ed - 19/1/2016.

The recent inclusion of the renminbi in the IMF’s Special Drawing Rights is a major victory for the People’s Bank of China. Yet for a currency to be highly internationalised, the issuing country must have a stable and transparent political and legal framework.