Articles

System Malfunction

Published in Finance and Development -IMF Publication

The global economy is rife with imbalances that cannot be fixed under the present international monetary (non)system

White PDF4 1-23-15.pdf

White PDF4 1-23-15
Posted by williamw in Articles

Market failures warrant policy responses

Article published in the Bulletin – OMFIF

Asia’s experience is ripe for study

The Tides of Capital is a must read for policy-makers. It is short, and they have little time. But more importantly, it punches above its weight in identifying the sources of problems faced by governments and central banks and the terrible trade-offs they are commonly confronted with.

The Bulletin – Bill White.pdf

 

Posted by williamw in Articles

Commentary: Monetary Politics

Special Report Outlook 2015: Political & Geopolitical RiskMonetary politics

2014 DECEMBER INVESTMENT & PENSIONS EUROPE
Central bank independence is both a recent and a far from universal orthodoxy, notes William White. But the financial crisis has left the world with less of it and the likely further erosion could have significant long-term consequences

064-65-IPE-dEC-2014.pdf

064-65-IPE-dEC-2014
Posted by williamw in Articles

We should have better monitored capital flows and current account imbalances

IMPROVING THE EURO

If you were a European economic policy leader with a time machine and could roll back the clock to the late 1990s, what if anything would you do differently with the introduction of monetary union and the euro? In retrospect, what changes would have been both constructive and politically feasible? And if you would not have proceeded with the common currency, what reason would have driven your decision?

The International Economic Magazine, 31 July 2014

TIE_W14_EuroSymposium.pdf

TIE_W14_EuroSymposium
Posted by williamw in Articles