Advanced economies such as the US and the eurozone enjoy enormous privilege as issuers of international currencies, says Taiwan’s central bank governor. This power needs to be tempered with a responsibility to promote economic stability on a global scale.
Latest articles from Viewpoint
Is more moderate growth in China good for everyone?
January 2, 2014The days of double-digit growth in China may be over, but the rest of the world has little reason to fear, says Jim O’Neill.
The opportunities presented by Asia's energy conundrum
January 2, 2014Supplying Asia's growing middle classes and industries with energy is a headache for governments throughout the region. However, given that 55% of the world's new residential construction from now until 2025 will occur in China and south Asia, designing smart, energy-efficient buildings will go a long way to solving this problem.
Banking union from the perspective of 'New Europe'
January 2, 2014The rise of pan-European banking groups makes supervision at a European level appropriate. But crises still start locally, and local supervisors must retain adequate powers to act independently.
The economic restructuring of Singapore
January 2, 2014An ageing population and shrinking labour pool have put a strain on Singapore's economy, leading to calls for it to be restructured to raise productivity and bring about price stability. This will come through more productivity-led growth and a stronger focus on macroprudential policies.
Building financial architecture for Kazakhstan
January 2, 2014The recently appointed National Bank of Kazakhstan governor, Kairat Kelimbetov, tells Philip Alexander that he is focused on stepping up the quality of corporate governance in the country's banking sector and financial markets.
Old lessons help EBRD strengthen future prospects
November 1, 2013The European Bank for Reconstruction and Development's managing director for the southern and eastern Mediterranean region, Hildegard Gacek, explains how expertise and past experience are now enabling the EBRD to assist Egypt, Morocco, Jordan and Tunisia through a period of great economic and political change.
What does the future hold for Yellen's Fed?
October 28, 2013With Janet Yellen set to assume the position of head of the US Federal Reserve, her defining challenge will be tapering the Fed’s huge quantitative easing programme. Jane Monahan looks for clues as to her likely stance.
Philippines CBG: the positive influence of financial inclusion
October 1, 2013The Philippines has enjoyed a lot of success in growing its microfinance market and pursuing financial inclusion. Moreover, widening the banking base has arguably had a positive effect on the country's overall financial stability.
South Korea CBG looks to bridge international gaps
October 1, 2013Bank of Korea governor Choongsoo Kim tells Jane Cooper how he aims to bridge the gap at international meetings between emerging and developed economies, and how he plans to globalise South Korea’s central bank.