We review the competing explanations of the 2007-2008 global crisis, recall how governments around the world had to depart from established policy stances, and reflect on the legacy of the crisis both in terms of future challenges and changes in policy doctrine. The G-20 has addressed important...

Chacun s'accorde pour dire que l'Union Economique et Monetaire Europeenne (UEM), si elle se fait, aura des consequences majeures sur l'economie mondiale, a travers differents canaux deja bien identifies : l'ecu concurrencera le dollar comme monnaie internationale ; la substitution de l'ecu a...

Though the renminbi is not yet convertible, the international monetary regime has already started to move towards a 'multipolar' system, with the dollar, the Chinese currency and the euro as its key likely pillars. This shift corresponds to the long-term evolution of the balance of economic...