Otaviano Canuto | Policy Center

Experts

Back

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).

Publications

RELATED CONTent

Opinion
Is the U.S. Economy in Recession?
Otaviano Canuto
Tuesday, August 2, 2022
The U.S.'s preliminary GDP (Gross Domestic Product) results for the second quarter, released by the U.S. Bureau of Economic Analysis (BEA) on Thursday, July 28, came with a drop of 0.9% in annualized terms. In the first quarter, it also showed a decline, in the order of 1.6% in annual terms, after…
Opinion
Tightening Financial Conditions Have Impacted Asset Values
Otaviano Canuto
Wednesday, July 6, 2022
In the first half of this year, U.S. stock markets suffered a fall not seen in more than 50 years. The S&P 500 index on Thursday June 30 was more than 20% down compared to January, a drop not experienced since 1970. The S&P 1500 index, built by Bloomberg and incorporating companies of…
Related Topics:
Economy, North America, Europe, Asia
Downoad PDF
Policy Brief
Quantitative Tightening and Capital Flows to Emerging Markets
Otaviano Canuto
Friday, June 24, 2022
In its May 15th meeting, the Federal Open Market Committee of the U.S. Federal Reserve (Fed) lifted its benchmark policy rate by 0.75% to 1.50%–1.75%, the biggest increase since 1994. The central bank also signaled an additional increase of 0.75% ahead. FOMC members also raised the median…
Related Topics:
Economy, Macroeconomics and regulation
Opinion
Slowbalization, Newbalization, Not Deglobalization
Otaviano Canuto
Wednesday, June 1, 2022
IMF Managing Director Kristalina Georgieva’s message to the Davos meeting last week referred to the upside risks of “geoeconomic fragmentation” due to the war in Ukraine. Considering the ongoing rivalry between the United States and China and the alliance between the latter and Russia, the…
Related Topics:
Regional integration, Trade, Geopolitics, International Organisations, Sectorial policies and structural transformation
Opinion
The Global Food Price Shock
Otaviano Canuto
Wednesday, May 18, 2022
The world food price index collected for the last 60 years by the United Nations Food and Agriculture Organization (FAO) hit its highest record in March, declining gently in April. Pandemic, war and death in Ukraine, and droughts in the last 2 years… Such a combination looks apocalyptical. Now it…
Related Topics:
Economy, Macroeconomics and regulation, Trade, Commodities & Energy, Natural Resources, Agriculture, Food security
Opinion
Biggest Commodity Price Shock in Fifty Years
Otaviano Canuto
Friday, May 6, 2022
In addition to the deaths and destruction in Ukraine, the Russian invasion has caused several significant shocks to the global economy. In addition to the geopolitical consequences of the war, reinforcing the downward trend in trade globalization and financial integration, new rounds of disruptions…
Related Topics:
Economy, Trade, Geopolitics, International Relations, Commodities & Energy, Natural Resources
Downoad PDF
Policy Brief
Dollarization of Argentina: Revival of a Zombie Idea
Otaviano Canuto

Sebastian Carranza
Thursday, April 28, 2022
Last March, a proposal of dollarizing Argentina’s economy arrived at its Congress. We summarize here the potential consequences of such a route in case the bill succeeds in getting approval. First, we point out the broad implications of dollarizing an economy. Then, we set out some cases of Latin…
Related Topics:
Economy, Trade, South America
Downoad PDF
Policy Brief
Emerging economies, global inflation, and growth deceleration
Otaviano Canuto
Friday, April 22, 2022
Emerging market and developing economies (EMDE) face a common set of external shocks: rising energy and food prices; tightening in global financial conditions caused by the prospect of sharper interest rate hikes and anticipation of "quantitative tightening"; and return of restrictions on mobility…
Related Topics:
Economy, Macroeconomics and regulation, Commodities & Energy, Energy transition and Renewables
Opinion
Dollar dominance will remain
Otaviano Canuto
Tuesday, March 29, 2022
The heavy financial sanctions on Russia after the invasion of Ukraine sparked speculations that the weaponization of access to reserves in dollars, euros, pounds, and yen would spark a division in the international monetary order. China would tend to strengthen its own international payments system…
Related Topics:
Economy, Sectorial policies and structural transformation, Security & Defense, Armed conflicts, Europe
Downoad PDF
Policy Brief
War in Ukraine and Risks of Stagflation
Otaviano Canuto
Tuesday, March 15, 2022
The war in Ukraine is bringing substantial financial, commodity price, and supply chain shocks to the global economy. Sanctions on Russia are already having a significant impact on its financial system and its economy. Price shocks will have a global impact. Energy and commodity prices—including…
Related Topics:
Economy, Security & Defense, Macroeconomics and regulation, Armed conflicts, Commodities & Energy, Natural Resources, Europe

Experts

Publications

RELATED CONTent

Region

menu