Finance

Fiscal policy encompasses the plans and actions of governments and institutions regarding revenue generation, expenditure control, as well as promoting or stabilising economic growth. The Eurozone crisis and its challenges for the EU require an important debate on goals and principles in European economic and fiscal policies.

Here you will find current articles, publications, and thematic focuses on the topic of finance.

Recent Articles on Finance

verschiedene Geldscheine stecken wie Blumensetzlinge mit einer kleinen Schaufel daneben in der Erde.

A Monetary and Economic Order Fit for the Twenty-First Century

Analyse

If the international community is to have a chance of addressing twenty-first-century challenges effectively and equitably, the global economic and financial architecture that was created eight decades ago must be radically reformed. Eight priorities stand out.

By Ulrich Volz , Janak Raj , Sarah Ribbert , Kamal Ramburuth , Monica Herz and William Kring

A white building with a red roof with mountains in the background

Bretton Woods Revisited: Creating a Monetary and Economic Order Fit for the 21st Century

Statement

Ahead of the 80th anniversary of the Bretton Woods Conference, together with partner institutions, we propose reforms in eight critical areas of the international economic and financial architecture to reflect the changing global realities and challenges.

By Ulrich Volz , Kamal Ramburuth , Janak Raj , Paulo Esteves , William N. Kring and Sarah Ribbert

Hauptquartier der EU-Kommission in Brüssel

All Articles on Finance

Thematic Focuses on Finance

The AIIB - A multilateral bank like any other?

COP21: Paris

All Thematic Focuses on Finance

Publications on Finance

Making the Great Turnaround work

Study

The long-term challenges have lost none of their significance – be it climate breakdown, species extinction, the increase in inequality, or demographic change. The challenge is to craft a strategic approach that can set the course for long-term success.

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The Beijing-led Asian Infrastructure Investment Bank

Study

The business of the AIIB is the financing of large infrastructure projects such as power plants, dams and transport routes. Such investments are inherently associated with high environmental and social risks, as well as corruption and high levels of debt. This study provides an overview of the institution's close alignment with China and its transparency and information disclosure rules.

Debt Relief by Private Creditors: Lessons from the Brady Plan

Debt Relief for Green and Inclusive Recovery Project

This paper reviews the main features of and experiences with the Brady Plan, which in 1989 laid the foundation for the restructuring of the sovereign debt of mainly Latin American countries. It argues that the combination of credit enhancement for restructured debt, moral suasion, and tax as well as regulatory relief to encourage private creditors to participate in debt restructurings may provide a template for addressing today's sovereign debt problems.

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All Publications on Finance