Podcasts

Back

The Mist of Central Bank Balance Sheets

24
April 2017
Otaviano Canuto

This podcast is performed by Mr. Otaviano Canuto. Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one group is comprised by global reserve issuers and the other by bystanders receiving impacts of the former’s policies carries substantively different implications. Furthermore, using Brazil and the U.S. as examples, Mr. Canuto illustrates how the relationships between central bank and public sector balance sheets have acquired higher levels of complexity, risks and opacity.

RELATED CONTENT

  • Cinq grandes tendances dans une Afrique en mutation
    Authors
    Sabine Cessou
    May 17, 2019
    Sur quelles contraintes faut-il anticiper lorsqu’on évoque la croissance de l’Afrique? Comment guider les décideurs politiques dans les priorités à définir pour piloter l’économie et arriver à bon port dans le monde qui vient? Le séminaire organisé le 11 avril à Paris par le PCNS et le Centre de développement de l’OCDE a apporté des éléments de réponse. La discussion s’est ouverte en prenant appui sur le rapport de référence publié en 2018 par l’Union africaine et l’OCDE sur les “D ...
  • Download PDF
    African Valleys and the Geopolitics of Innovation: Reality, Potential and Challenges
    Authors
    Bouchra Rahmouni
    April 30, 2019
    In a globalized world, the ability of countries to innovate is crucial to creating high levels of value added and enhancing economic competitiveness. Silicon Valley, USA, is a development model that many African countries seek to emulate by creating «African Valleys». The success of major US corporations has persuaded a great number of players that new technologies are essential drivers of growth, and several states have implemented policies to stimulate the development of start-ups ...
  • Why Blockchain Technology is Empowering Women
    Authors
    Ghita El Kasri
    April 25, 2019
    The author is an alumnus of the 2018 Atlantic Dialogues Emerging Leaders program Tech industries, despite leading the charge for change in many areas of modern life, have traditionally been one of the worst industries for gender equality. But now, it looks like technology itself could finally start to break down some of the barriers to entry and alter the socio-economic landscape beyond recognition. It could put women and under-represented minorities on the financial and technologi ...
  • Download PDF
    South Africa’s Economic Slowdown and Its Policy Options
    Authors
    Mouhamadou Moustapha Ly
    April 18, 2019
    The economic picture in South Africa is clear and well known: low economic growth, high unemployment rates, and constrained fiscal policy threatened by rating agencies. The causes of such situations are diverse and both internal and external. How can growth be boosted? The African continental free trade area offers a great opportunity to South Africa to take advantage of the continent’s more than one billion of potential consumers and build a new growth paradigm based on export (rat ...
  • Empowering Africa. Access to Power in the African Continent
    Authors
    Lorenzo Colantoni
    Giuseppe Montesano
    Nicolò Sartori
    April 12, 2019
    Access to electricity is a key factor for the future of the African continent. Energy poverty and lack of universal access to electricity services are, in fact, remarkably hurting human progress in Africa. Today, sub-Saharan Africa hosts 14 percent of the world’s population but 60 percent of the world’s people without access to electricity: of the more than 1 billion people globally who had no access to electricity, around 600 million lived in the region. In these conditions, many A ...
  • How Chinese Investment in Latin America Is Changing
    Authors
    Otaviano Canuto
    March 14, 2019
    China's push for Latin American consumers reflects changes back home. Chinese financing in Latin America is changing. After becoming a major source of capital flows to Latin America and the Caribbean over the past 15 years, a more diverse range of investors has surfaced, interested in channeling resources towards infrastructure, governments and state companies. The profile of the Chinese investment in the region tracks the evolution of China’s economy as it moves toward a higher r ...
  • Can Public and Private Partnerships Bridge the Gap in Infrastructure Investments? The Case of Developing Asia
    Authors
    Rim Berahab
    March 7, 2019
    A well-functioning modern infrastructure is essential for social and economic development. It has the power to change the quality of life of populations as well as the prospects of businesses. Despite developing Asia’s remarkable economic performances since the 1980s, the region still faces important difficulties in delivering adequate infrastructure services. “Over 400 million Asians do not have electricity access; 300 million live without safe drinking water and 1.5 billion withou ...
  • Download PDF
    L’évaluation d’impact pour l’efficacité des politiques de développement en Afrique
    Authors
    Mouhamadou Moustapha Ly
    Bertrand Bio Mama
    Onasis Tharcisse A. Guèdègbé
    March 6, 2019
    L’évaluation d’impact des projets et programmes de développement est un exercice qui est de plus en plus adopté dans les pays en développement notamment ceux d’Afrique subsaharienne. Entre autres facteurs explicatifs, il y a la rareté des ressources allouées au développement mais aussi la nécessité de mieux connaître les contraintes structurelles au développement. Saisissant l’occasion de la première conférence de West Africa Capacity building and Impact Evaluation Program (WACIE-3i ...
  • Les trajectoires incertaines de l'industrialisation en Afrique
    Authors
    Afrique Contemporaine
    Karim El Aynaoui
    February 28, 2019
    Dans son édition n°266, la revue scientifique Afrique Contemporaine consacre son Dossier à la question de l’industrialisation en Afrique. D’après la Rédaction de la publication, le choix de la thématique s’imposait d’autant plus que « la recomposition de l’ordre mondial repose la question de la place du continent à l’échelle planétaire, en l’occurrence sur le plan économique, social et environnemental tout à la fois. » Outre la coordination du Dossier, Dr. Karim Et Aynaoui, Préside ...
  • Download PDF
    La transformation structurelle au Maroc et Chaînes de Valeurs Mondiales : Une vulgarisation du débat
    Authors
    Abdelaaziz Ait Ali
    Yassine Msadfa
    February 25, 2019
    La transformation structurelle d’une économie demeure un point de passage nécessaire pour toute nation qui souhaite gravir les échelons du développement, cette transformation est souvent tributaire de la capacité d’une économie à s’ériger d’une société agraire de subsistance, dans son stade initial, vers une économie de productivité. Pour ce qui est du Maroc, le débat a pris de l’ampleur quant à la capacité des dynamiques actuelles à accélérer le rythme de l’activité économique au p ...