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Begin New Search Topic Governance Content Type Working Paper

1. Regional Financial Arrangements and the International Monetary Fund: Sustaining Coherence in Global Financial Governance

Author:
C. Randall Henning
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Cooperation and competition among regional financial arrangements (RFAs) and the International Monetary Fund (IMF) increasingly determine the effectiveness of the global financial safety net (GFSN), which many observers fear is becoming fragmented. Overlap among these crisis-fighting institutions has important benefits but also pitfalls, including with respect to competition, moral hazard, independence, institutional conflict, creditor seniority and non-transparency. The study reviews the RFAs in Latin America, East Asia and Europe to assess their relationships with the IMF and address these problems. Among other things, it concludes: institutional competition, while harmful in program conditionality, can be beneficial in economic analysis and surveillance; moral hazard depends critically on institutional governance and varies substantially from one regional arrangement to the next; secretariats should be independent in economic analysis, but lending programs should be decided by bodies with political responsibility; and conflicts among institutions are often resolved by key member states through informal mechanisms that should be protected and developed. Findings of other recent studies on the GFSN are critiqued. Architects of financial governance should maintain the IMF at the centre of the safety net but also develop regional arrangements as insurance against the possibility that any one institution could be immobilized in a crisis, thereby safeguarding both coherence and resilience of the institutional complex.
Topic:
Governance, Surveillance, Strategic Competition, and IMF
Political Geography:
Europe, Middle East, Asia, South America, Australia, North America, and Global Focus

2. The impact economy: balancing profit and impact

Author:
Dirk Schoenmaker
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
Governments and companies can reinforce each other in their pursuit of sustainable development, which is based on three pillars: economic, social and environmental. An impact economy, in which governments and companies balance profit and impact, is best placed to achieve the United Nations sustainable development goals.
Topic:
Economics, Environment, United Nations, Governance, Sustainable Development Goals, Business, and Private Sector
Political Geography:
Global Focus

3. Forecasting exchange rates of major currencies with long maturity forward rates

Author:
Zsolt Darvas and Zoltan Schepp
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
This paper presents unprecedented exchange rate forecasting results based upon a new model which approximates the gap between the fundamental equilibrium exchange rate and the actual exchange rate with the long-maturity forward exchange rate.
Topic:
Economics, Governance, Global Political Economy, and Exchange Rate Policy
Political Geography:
Global Focus

4. China’s Response to Climate Change: A Study in Contrasts and a Policy at a Crossroads

Author:
David B. Sandalow
Publication Date:
06-2020
Content Type:
Working Paper
Institution:
Asia Society Policy Institute
Abstract:
China is the world’s leading emitter of heat-trapping gases, by far. In 2019, Chinese emissions were greater than emissions from the United States, the European Union, and Japan combined. There is no solution to climate change without China. China’s response to climate change is a study in contrasts. China leads the world in solar power, wind power, and electric vehicle deployment, but also in coal consumption. The Chinese government has adopted some of the world’s most ambitious energy efficiency and forest conservation policies, but is financing a significant expansion of coal-fired power plant capacity at home and abroad. China’s leaders are strongly committed to the Paris Agreement, but appear to attach less priority to climate change than in years past. This Asia Society Policy Institute issue paper, China’s Response to Climate Change: A Study in Contrasts and a Policy at a Crossroads, written by former senior policymaker and current Columbia University fellow David Sandalow, explores these contrasts. It does so at an important time in Chinese climate change policy. During the next 18 months, the Chinese government will spend heavily on economic stimulus measures, release its 14th Five-Year Plan (for 2021–2025), and develop short- and long-term climate action plans (known as its “updated nationally-determined contributions” and “mid-century strategy” in the terminology of the global U.N. climate process). Decisions by the Chinese government will reverberate globally, including in the United States. A potential Biden administration’s ambition in addressing climate change would be reinforced by ambition in China. This issue paper also provides an up-to-date snapshot of China’s climate policies, drawing on data from 2019 and the beginning of 2020 (during the height of the COVID-19 economic lockdown), as well as recent remarks by Chinese leaders. It starts by examining Chinese emissions of heat-trapping gases. It then discusses China’s principal climate policies, explaining the main tools the Chinese government uses to address climate change and related topics. The issue paper concludes with a discussion of processes that will shape Chinese climate change policy in the years ahead. This paper is the second in a series of policy products that the Asia Society Policy Institute will publish as part of a project exploring the possibilities around U.S.-China climate cooperation.
Topic:
Climate Change, Energy Policy, Governance, Renewable Energy, and Carbon Emissions
Political Geography:
China, Asia, and United States of America

5. Ownership in the Electricity Market Property, the Firm, and the Climate Crisis

Author:
Gregory Ferguson-Cradler
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
Electricity is a key area in climate mitigation. The sector needs to significantly expand while transitioning to renewable production, all in an extremely short timeframe. This paper fo- cuses on ownership and control in the electricity sector in an era of climate change. Bor- rowing substantially from classical American Institutionalism, heterodox theories and his- tories of the firm, and legal institutionalism, this paper discusses the historically constituted nature of the categories of property, capital, and the firm and how these literatures provide helpful frameworks for analyzing the recent history and possible futures of electricity sec- tors. A short discussion of the recent history of the German electricity sector, particularly the large utility RWE, will briefly illustrate the approach. Climate change mitigation will require revised notions of ownership and an updated theory of the firm, property, and cor- porate governance for the Anthropocene.
Topic:
Climate Change, Energy Policy, Governance, and Electricity
Political Geography:
Europe, Germany, and Central Europe

6. Fight the COVID-19 Pandemic and Improve Global Health Governance

Author:
Lin Ren, Aizong Xiong, Guoding Wu, Chen Shen, Xu Tian, and Bo Peng
Publication Date:
07-2020
Content Type:
Working Paper
Abstract:
The fast spreading of the COVID-19 across the globe points to the urgency of strengthening global health governance. As the core global health governance institution, the WHO has taken a series of actions after the eruption of the epidemic and played an important role in providing guidance and coordinating global forces to combat the epidemic. The epidemic, however, has also exposed some defects of the global health governance mechanism, especially the WHO, and posed challenge to it. The international community needs to strengthen its support for the WHO to improve its role in the global health governance.
Topic:
Health, Governance, and COVID-19
Political Geography:
China, Asia, and Global Focus

7. Food for Thought – Talking Points on Food Prices

Author:
Nendirmwa Noel and Sarah Cliffe
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
Center on International Cooperation
Abstract:
This short memo summarizes issues linking the COVID-19 pandemic and food prices. There is a real risk of a food price crisis emerging as a result of the pandemic, for the following reasons: Food systems are facing a complex set of demand and supply shocks during the COVID-19 pandemic. This includes increased demand due to hoarding versus decreased demand due to containment measures; lower prices for food system inputs, such as petroleum, versus decreased supply due to disruption of production, transport and trade. There seems to be a risk that rice, and possibly wheat, see a price surge which disconnects them from the downward trend in other basic commodities. There is also undoubtedly a risk that specific countries and large urban settlements see sharp increases in prices of scarce commodities, as protests in Afghanistan and in Nigeria have already shown this week. The crisis is coming just as farmers in many parts of the world are about to begin planting, and action is therefore needed now.
Topic:
Governance, Food Security, Multilateralism, Crisis Management, and COVID-19
Political Geography:
Global Focus

8. Population Movements, COVID-19, and Conflict Risk

Author:
Sarah Cliffe, Leah Zamore, and Nendirmwa Noel
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
Center on International Cooperation
Abstract:
As the coronavirus pandemic spreads across the globe, people are also moving in response to the threat of the virus and the actions states have taken to stem its transmission. This memo examines population movements in pandemics and offers relevant policy recommendations. In this policy memo, Sarah Cliffe, Leah Zamore, and Nendirmwa Noel detail the history of population movements during pandemics, provide an overview of the internal and cross-border movements now taking place around the world, and give examples of the restrictions and other measures governments are implementing to to respond. They also supply a number of concrete policy recommendations goverments can take now to improve their management of internal and cross-border movement in the face of COVID-19.
Topic:
Governance, Conflict, Borders, Humanitarian Crisis, and COVID-19
Political Geography:
Global Focus

9. The persistent refugee crisis in Europe. The legal and management framework of the European Union / La persistente crisis de los refugiados en Europa. El marco jurídico y de gestión de la Unión Europea

Author:
Adela M. Alija
Publication Date:
05-2020
Content Type:
Working Paper
Institution:
International Security Studies Group (GESI) at the University of Granada
Abstract:
Although the most serious period of the refugee crisis in Europe was undoubtedly the year 2015, this persistent conflict remains unresolved, as the causes and factors that condition it remain unresolved. At this time, it has been demonstrated that the governance structures of the international system do not have the capacity to respond adequately to the new challenges. The phenomenon of forced migration is a clear expression of the complexity of today’s international scenarios. The refugee crisis, or migration crisis as it is also called, has tested, and continues to test, the foundations of the European Union, which is also going through a real existential crisis. This article analyzes, on the one hand, the situation, context and conditions of forced migrants and more particularly of refugees, and, on the other, the role that the European Union is developing in the face of this crisis, when it is going through serious difficulties. The legal and management instruments available to the European Union to face these crises are also analyzed.
Topic:
Security, Governance, European Union, Refugees, and Refugee Crisis
Political Geography:
Europe

10. Citizen Commitment – How Fragile States in Sub-Saharan Africa can Thrive

Author:
Clement Mutambo
Publication Date:
09-2020
Content Type:
Working Paper
Institution:
Council on International Policy (CIP)
Abstract:
Fragile states are nations whose institutions of governance are highly susceptible to corruption, deception, and bias. According to the Fund for Peace, the vast majority of Sub-Saharan Africa countries qualify as moderately to severely fragile states. Why? Because African institutions are weak and dysfunctional, and leaders manipulate their systems with impunity. If the fragility fiasco is to be changed, African people need to realize that neither their leaders nor international observations can fix the issue; only the people hold the power to determine their future. Despite the tumultuous conditions in many nations in the Sub-Saharan continent, there is hope. The recent Malawian election demonstrated that despite weak local institutions and inadequate support from the international community, change can be made if citizens unite and demand accountability for corruption and abuses of power. When Malawians realized the outcome of their late 2019 presidential election was rigged, they took matters into their own hands. Even though six international observers, including the United Nations Development Program, Southern African Development Community, European Union, and African Union, argued that the elections were free and fair, overwhelming evidence of ballot tampering suggested otherwise.
Topic:
Governance, Elections, Fragile States, and Courts
Political Geography:
Africa and Sub-Saharan Africa