OMFIF is convening a roundtable dinner in Paris to explore the findings of McKinsey Global Institute’s ‘The rise of the global balance sheet: How productively are we using our wealth?’ report. Inflation, geopolitical, energy and supply chain concerns, exacerbated by Russia’s invasion of Ukraine, are impacting the global economy already affected by the Covid-19 pandemic. This volatility is set against the backdrop of the climate crisis, effective mitigation of which will require a global transition to a low-carbon economy. The report highlights the underlying health and resilience of the global economy, viewed not through gross domestic product or other metrics of economic flows, but by borrowing a tool from the corporate world: the balance sheet.
Hosted and moderated by David Marsh, chairman of OMFIF, and featuring Jean-Christophe Mieszala, senior partner, McKinsey & Company in Paris, Jan Mischke, partner, MGI and Jacques De Larosière, former Governor, Banque de France, this invitation-only dinner discussion will bring together influential financial policy-makers and practitioners as well as representatives of French and international banks and the financial community.
Throughout the dinner, the discussion will delve into the report and the timely questions it raises about how productively we are using our wealth. Speakers will look at how the report applies balance sheet principles to the global economy after two decades of financial turbulence and more than 10 years of robust central bank intervention, punctuated by the pandemic and now Russia’s invasion of Ukraine. Jacques De Larosière will share some reflections on the report and how it aligns with his recently published book on economic growth.
Jacques De Larosière, former Governor, Banque de France (1987-1993), Advisor, BNP Paribas, and author of ‘Putting an end to the reign of financial illusion for real growth’ (2022)
Jean-Christophe Mieszala, Senior Partner, McKinsey & Company, Paris
Jan Mischke, Partner, McKinsey Global Institute
David Marsh, Chair, OMFIF
Further details, including both the full version and executive summary of the MGI report, are available.
This meeting will be conducted under the OMFIF Rules.
This event is part of the OMFIF Institute for Economic and Monetary Policy, OMFIF’s core stream of activities covering economic and monetary policy and the political economy. OMFIF is an independent think tank for central banking, economic policy and public investment, providing a neutral platform for best practice in worldwide public-private sector exchanges worldwide. For membership enquiries please contact Jamie.firstname.lastname@example.org, or for further information please see the OMFIF website.