Courtesy: Lifeforex
Basing the global oil trade on the Yuan instead of the U.S. Dollar is one leg of China’s bid to convert its currency into the international reserve currency, replacing the dollar-dominated global financial architecture. But many factors impede the Yuan from reaching the maturity required for its global adoption.
Economist Surjit S. Bhalla, who sits on the Prime Minister’s Economic Advisory Council, says all currencies, not just the rupee, have fallen against the U.S. dollar. Speaking to Gateway House’s Manjeet Kripalani, he elaborates on some diplomatic and domestic tools to stem the fall, even in an election year
Courtesy: Legal Entity Identifier
Ten years after the global financial crisis, some reform has come about. To further transparency, the Legal Entity Identifier (LEI), proposed by the G20, is a code used to identify the parties that participate in financial transactions around the world. While its benefits and applications are abundant and will reduce systemic vulnerability, its global implementation is complex and slow. This primer shows why – and also why the LEI should be urgently and widely adopted
Courtesy: Global Environment Facility
Since Independence, India has been consumed by its domestic priorities. Now, with increasing integration with the world and a huge stake in global stability, it is time to focus on the global commons. India has a seat on the hightable to design and shape the rules for the governance of the global commons. In this special Independence Day Briefing, Gateway House examines India’s engagement with four global commons – technology, outer space, cyber and the oceans – and makes recommendations on how best they can be governed for our collective future.
Courtesy: Pexels
On the face of it, these digital or virtual currencies seem to be a brave new way to transact business or make an investment, but they also have inherent risks. A T20 proposal is seeking that the G20 devise a regulatory framework that places them on a level playing field with other financial instruments
Courtesy: T20 Argentina 2018
In a policy brief for Argentina's G20 Presidency in 2018, K.N. Vaidyanathan, Akshay Mathur and Purvaja Modak discuss the challenge and propose policy recommendations for transparency in cross-border financial transactions
Zeti Akhar Aziz, economic advisor to newly elected Malaysian Prime Minister, Mahathir Bin Mohamad, believes that economic policy should be rooted in moral and religious ideas
Claude Lopez, Director, International Finance and Macroeconomics Research, Milken Institute, spoke to Gateway House on how innovation in the financial sector does not come from finance, but from technology, and the private sector ought to take the lead in regulating the instruments of tomorrow
Gateway House spoke to Toshinori Doi, President, Policy Research Institute, Japan, on the sidelines of the Gateway of India Geoeconomic Dialogue, on the risks associated with digitising finance, the Belt and Road Initiative and dealing with Chinese market dominance
One of the priorities of the Asian Infrastructure Investment Bank (AIIB), which held its third annual meeting in Mumbai earlier this week, is to mobilise more private capital for infrastructure and support sustainable projects
