Back

Otaviano Canuto on Financial Globalization

May 5, 2021
Related topics: 
Economy

Financial integration of countries and financial globalization led to an extraordinary rise of foreign assets and liabilities as a share of GDP, followed by stability of total flows since the global financial crisis of 2008-2009. The apparent stability has been marked by an underlying metamorphosis of cross-border finance, with de-banking and rising foreign direct investment and non-banking financial flows. Blind spots and potential instability remain.

Speakers
Otaviano Canuto
Senior Fellow
Senior Fellow at the Policy Center for the New South, principal at Center for Macroeconomics and Development and non-resident fellow at Brookings Institute. Former Vice President and Executive Director at the World Bank, Executive Director at the International Monetary Fund (IMF) and Vice President at the Inter-American Development Bank. He was also Deputy Minister for international affairs at Brazil’s Ministry of Finance, as well as professor of economics at University of São Paulo (USP) and University of Campinas (UNICAMP). ...

RELATED CONTENT

  • Session 12: Sovereign Debt Distress in the Global South
    October 13, 2023
    ChairJorgelina A. do Rosario, Emerging Market Correspondent, Thomson Reuters Speakers Barry Eichengreen, Professor of Economics, University of California Berkeley Martin Guzmán, Co-President, Initiative for Policy Dialogue, Columbia University Nandalal Weerasinghe, Governor, Central...
  • Download PDF
    The Dollar-Renminbi Tango: The Impacts of Argentina’s Potential Dollarization on its Relations with China
    Authors
    Xiaofeng Wang
    Otaviano Canuto
    October 13, 2023
    The surprising victory of Javier Milei, the unconventional ‘anarcho-capitalist’ candidate, in the August primaries ahead of Argentina’s October 2023 general election, can be largely credited to his commitment to dollarize the Argentine economy, a move perceived as the ultimate solution to bring an end to the nation's economic turmoil. The potential shift from the local currency to the dollar has sparked concerns about Argentina's bilateral currency swap line with China. This swap l ...
  • Future Economic and Social Development of Africa: Impact of Inequalities
    October 12, 2023
      Chair                           - Donald Kaberuka, Former President, African Development Bank (AfDB) Presenter              - Hamza Saoudi, Senior Economist, Policy Center for the New South (PCNS) Discussants                 - Ted Ahlers, Director, Africa and the Middle East, Ce...
  • Discours et séance de clôture
    October 12, 2023
    Keynote Address: The Role of Morocco in Africa’s Development - Ryad Mezzour, Minister of Industry and Trade, Morocco   Closing Session - Ryad Mezzour, Minister of Industry and Trade, Morocco   - Montek Singh Ahluwalia, Former Deputy Chairman, Planning Commission of India - Suma C...
  • Améliorer la gouvernance dans les économies de marché émergentes
    October 12, 2023
    Président   - Nobumitsu Hayashi, Gouverneur, Banque japonaise pour la coopération internationale (JBIC) Présentateur - Rajat Nag, Distinguished Fellow, Emerging Markets Forum (EMF) Discutants - María Eugenia Brizuela de Avila, Directrice, Inversiones Vision - Larabi Jaïdi, Senior Fellow...
  • The New Trilemma of Macroeconomic Policy: Future Policy Responses
    October 12, 2023
    Chair: Arend Kapteyn, Global Chief Economist, UBS Speakers: Robert Holzman, Governor, Central Bank of Austria Huw Pill, Chief Economist, Bank of England Chiara Scotti, Senior Vice-President, Federal Reserve Bank of Dallas Axel Weber, President, Center for Financial Studies ...
  • Improving Governance in Emerging Market Economies
    October 12, 2023
    Chair                           - Nobumitsu Hayashi, Governor, Japan Bank for International Cooperation (JBIC) Presenter - Rajat Nag, Distinguished Fellow, Emerging Markets Forum (EMF) Discussants - María Eugenia Brizuela de Avila, Director, Inversiones Vision - Larabi Jaïdi, Seni...