international monetary system

Monetary policy in uncertain times

We live in a world where big economic shocks can test the strength and resilience of the framework for monetary policy. Andrew Bailey discusses monetary policy in a world with big shocks, describing how scenario analysis can enrich monetary policy deliberations

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Is the international monetary system unfair?

CENTRAL BANK VIEWS, GLOBAL TRADE, MACROECONOMICS

Agnès Bénassy-Quéré considers the idea that there could be lasting reversal of exchange rates following an international currency agreement highly speculative, and argues that a multipolar system would attenuate the Triffin dilemma and provide the US with a deficit-adjustment tool

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