COMMENTARY: Pension funds divest from fossil fuels
Public pension funds are tasked with safeguarding the financial futures of their members, which requires making the best possible investment choices. Policy-makers and fund managers must address how pension funds and other public investment institutions are contributing to global warming, says Kat Usita.
Ruud Lubbers, the Netherlands' longest-serving prime minister and a member of OMFIF's advisory board, who died on 14 February, mixed firm credentials on European integration with a sense of pragmatism, writes David Marsh. Lubbers helped orchestrate the 1991 Maastricht summit that laid out the road to the euro.
COMMENTARY: Brexit will damage UK services exports
Distance and economy size are the most important factors determining the level of trade between two countries. The EU is a rich, large market on the UK's doorstep. The idea that globalisation has become unmoored from geography is wishful thinking, say John Springford and Sam Lowe.
COMMENTARY: Vicious Italian campaign, many scenarios
Vicious campaigning has been a feature of the Italian election on 4 March. A centre-right coalition around Berlusconi's Forza Italia and a centre-left coalition around Renzi's Democratic party face public disenchantment with their attempts to prevent success for the Five Star populists, writes Antonio Armellini.
There are financial stability risks connected to cryptocurrencies, but regulators must not ignore the technology's potential. As the ECB's Yves Mersch said at an OMFIF City Lecture last week, 'Just because the initial euphoria and hype subsequently fade, it does not mean that the innovation is without virtue.'
Governor Zhou Xiaochuan of the People's Bank of China is likely to step down from his post by March after 15 years in charge of the central bank. Details are beginning to emerge about the future leadership of the PBoC, and the government will probably anoint a new governor in a matter of weeks, writes Adam Cotter.
COMMENTARY: Difficult first week for new Fed chair
The spike in US long-term interest rates is alerting Jay Powell, the new Fed chair, to the inflation risk from an overheated US economy. Volatile stock markets highlight the possibility that a rapid increase in US interest rates could lead to the disorderly bursting of the global asset bubble, warns Desmond Lachman.
A comprehensive global approach towards tighter regulation of digital currencies was urged by Yves Mersch, ECB executive board member, speaking at a joint OMFIF-LSE lecture in London. This was the first time the ECB has spelt out its position of anxiety around the potentially disruptive effective of digital currencies.