The New Trilemma of Macroeconomic Policy: Future Policy Responses

Pourquoi ce thème ? Pourquoi, alors que nous traversons une pandémie sans précédent, l'auteur a-t-il décidé de comprendre les liens entre la Chine, l'espace arabo-africain et les nouvelles routes de la soie ? À cause du Covid-19, le monde se trouve à un tournant historique et stratégique du processus de mondialisation. Selon ses observations (comme homme politique), cette pandémie est bien plus qu'une crise sanitaire, c'est une crise globale qui a des impacts sociaux, économiques, ...

Almost three years since the ousting of former president Omar al-Bashir, and the formation of a transitional government composed of civilians and members of the military, the situation in Sudan is far from stable. Indeed, although progress has been achieved since December 2018, the democratic transition remains very fragile, with the political and economic sectors still facing significant uncertainty. This paper explains the fragility of the Sudanese transition, plagued by decades o ...

The decade after the Great Financial Crisis of 2007–09 brought significant changes in the volume and composition of capital flows in the global economy. Portfolio investments and other non-bank financial intermediaries are responsible for an increasing share of foreign capital flows, while banking flows have shrunk in relative terms. This paper considers the implications of such a metamorphosis of finance for capital flows to emerging market economies (EMEs). After examining capital ...