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International remittance flows have proven their resilience through the COVID-19 pandemic-induced economic crisis in spite of initial expectations forecasting their decline and associated devastating consequences for development in recipient communities and countries. This calls for some reflection on the nature and behaviour of these flows, with a particular focus on aspects that might explain their countercyclical behaviour and distinctive patterns. Context-appropriate policies are required to ...

This paper summarises recent trends in the international use of the euro and potential benefits and drawbacks of acquiring the status of an international currency, with a focus on implications for monetary policy. The benefits of international currency status are found to likely be limited and the effects on monetary policy to be ambiguous. The international role of the euro could be strengthened by policy initiatives in specific markets or as a by-product of improvements in the soundness of euro ...

A comparison of the services offers which the European Union has made for the negotiations on the EU-US Transatlantic Trade and Investment Partnership (TTIP) and the Trade in Services Agreement (TiSA) shows that, in general, both treaties follow similar approaches and points of difference are minor; both TiSA and TTIP apply a positive listing approach in regards to market access and negative listing in regards to national treatment, and the rules governing market access and national treatment do ...

Na pierwszej majowej sesji plenarnej będzie miało miejsce głosowanie w drugim czytaniu nad dwoma wnioskami ustawodawczymi dotyczącymi wzmocnienia unijnych narzędzi walki z praniem pieniędzy. Celem tych wniosków jest wzmocnienie ram prawnych dotyczących przeciwdziałania praniu pieniędzy zgodnie z niedawnymi zmianami międzynarodowych standardów w tym zakresie.

New Global Monetary System

Analiza 14-01-2011

This compilation of briefing papers was written by two members of the expert panel to the Special Committee on the Financial, Economic and Social Crisis. Its aim is to support the committee discussions on key questions arising from the crisis and thus feed into the preparations of the final report. The briefing papers take a look on the previous experiences of world monetary systems such as Bretton Woods and the current exchange rate misalignment as well as taking into account the influence of modern ...