Contents

Global Economy in the COVID-19 Crisis

-Reflections on the Global Economy by Steven Barnett

-Minimizing the Social Cost of COVID-19 by Andrew Sheng and Xiao Geng

-Protecting Economic Muscle: Finance and the Covid crisis by Alex Brazier

-Crisis Highlights Need for Banking Union by Margarita Delgado

-Addressing Crisis Through Infrastructure by Vivien Foster

China

-Self-Reliance and Dual Circulation Applied to Finance by Herbert Poenisch

-Financing China’s New Stimulus Package: Monetization Is Not the Answer by Dong Jinyue and Xia Le

-The Economics and Politics of China’s Currency Internationalization by Di Dongsheng

-Towards a New Gold Standard? Or a Currency War with China by Peter Koenig

-New Infrastructure Investment as a New Engine for Recovery of the Chinese Economy by Jihyun Jung

Monetary Policy

-In the Face of An Unexpected Adversary: the Crucial Role for Central Banks by Agustin Carstens

-The Central Bank Balance Sheet as a Policy Tool: Past, Present and Future by Andrew Bailey

-Monetary Policy in the Context of COVID-19 by Tiff Macklem

Digital Economy

-An Update on Digital Currencies by Lael Brainard

-Central Banks and the New World of Payments by Hyun Song Shin

-Asia’s Unmatched Digital Payments Growth by Bhavin Patel and Kat Usita

-Innovation at Heart of Covid Economy by Tibor Schwartz

Research Report

-RMB Internationalization Report 2020 for Press Release by International Monetary Institute

Working Paper

-Bilateral Swap Agreement and Renminbi Settlement in Cross-Border Trade by Song Ke and Xia Le

-Measuring the Importance of Renminbi in the Exchange Rate Spillover Networks: New Indices of RMB Internationalisation by Zhou Yinggang, Cheng Xin and Wang Yiming