[Skip to Content]

Register to receive the weekly OMFIF Commentary, on the stories behind global economic and financial news.

* Required Fields

Member Area Login

Forgotten Password?

Forgotten password

News And Commentary

Renewing the globalisation agenda

World leaders must make a better case for globalisation while exploring new dimensions that could make the world safer and fairer, writes Joaquim Levy. Supporting 'climate-smart' projects would reduce the carbon footprint of economic progress while increasing global productivity.

Read More

Schäuble's view on 'multispeed Europe'

German Finance Minister Wolfgang Schäuble's plea for 'multi-speed' EU governance reproduces a paper he co-authored in 1994, writes David Marsh in a letter to the FT. By failing to overcome challenges Schäuble identified 23 years ago, the EU risks losing not just the UK but also France.

Read More

Sovereign funds weigh ‘safety nets’

Sovereign funds are weighing the benefits of co-operating more widely with multinational institutions such as the International Monetary Fund and World Bank to encourage cross-border capital flows and foster sustainable growth, particularly in emerging markets, writes David Marsh.

Read More

Political union 'explains UK exit'

Europe must forge political union to complete monetary union - Britain's incompatibility with this aim is a prime reason for leaving the EU, which should benefit from exit of its 'enfant terrible', Lord (Norman) Lamont, former UK chancellor of the exchequer, told an OMFIF London lunch.

Read More

Divergence on UK-EU trade deal

Contrasting views over the complexity of a UK-EU trade deal were displayed at an OMFIF debate in London between John Redwood, Brexit-supporting Conservative MP and former minister, and Alexis Lautenberg, a former Swiss EU trade negotiator and former Swiss ambassador to the UK.

Read More

Legacy problems undermine banking union

The planned recapitalisation of Banca Monte dei Paschi illustrates how national legacy problems threaten the credibility of the single resolution mechanism, and thereby the European banking union. Policy-makers must better specify the conditions for the systemic risk exception, writes Harald Benink.

Read More

US may inspire 'new arms race'

Economists worry that Donald Trump is intent on starting a trade war. More attention should be given to the arms race that he may accelerate, writes Brian Reading. Countries have started to spend more on defence. The greatest need is for software, not hardware, to fight terrorism and improve cybersecurity.

Read More

Subbarao says India needs 8-10% growth

India needs growth of an annual 8-10% in coming years to overcome unemployment in a growing population and avoid a 'low income trap', Duvvuri Subbarao, former governor of the Reserve Bank of India, said at an OMFIF-Japan Center of Economic Research City lecture in Tokyo.

Read More
View all news and commentary

Meeting CalendarView All Forthcoming Meetings

Promoted Meeting VIEW PHOTO GALLERY

OMFIF marks International Women's Day with a launch event for the GPI Gender Balance Index, which tracks the balance between men and women in senior positions of central banks around the world, weighted by level of seniority.

Gender imbalance in central banks

OMFIF Chart

Gender imbalance in central banks

The world of central banking is highly unbalanced when it comes to gender, and the disequilibrium seems to be getting worse. OMFIF Gender Balance Index tracks the balance between men and women in senior positions of central banks around the world. Gender balance is especially weak for the post of central bank governors – only 6.5% of central banks are headed by women.

Investment Clock: Loose monetary policy fuels growth

OMFIF Chart

Investment Clock: Loose monetary policy fuels growth

The Investment Clock has been in the 'overheat' phase of the business cycle since July 2016. Things have heated up recently in what could potentially be the strongest surge in nominal growth since the financial crisis. Hopes of loose US fiscal policy and deregulation under Trump could add fuel to the fire.

Investment clock: Trump vote could strengthen overheat phase

OMFIF Chart

Investment clock: Trump vote could strengthen overheat phase

The markets had another surprise in November with the election of Donald Trump. His victory has been taken badly by the bond market as it marks a transition from monetary ease towards fiscal ease. This is a positive backdrop for stocks.

Investment clock: Brexit boosts multi-asset returns

OMFIF Chart

Investment clock: Brexit boosts multi-asset returns

Multi-asset performance has been very strong since the UK referendum, rewarding sterling-based investors with exceptional returns for the year to date. Bonds surged globally, while stocks benefited from an increase in the value of overseas earnings in sterling terms.

  • 1
  • 2
  • 3
  • 4
GCC countries 'should not question' rate peg

Advisory Board

GCC countries 'should not question' rate peg

In answer to the question, 'With the Fed on a tightening path and with oil under pressure, is it time for Gulf Co-operation Council economies to question the appropriateness of their dollar peg?' almost two-thirds of respondents from the OMFIF Advisory Board believe that GCC states should maintain their pegs to the world's main reserve currency.