Managing inflationary risk in a dollar-priced world — A key policy priority for G-20

Editorial Board Member (Anonymous),

Journal of Risk Management in Financial Institutions, 2011, vol. 4, issue 4, 327-333

Abstract: An evolving differentiation in recovery rates across the G-20's constituent economies has resulted in an increasingly politicised fragmentation in policy coordination. The Seoul summit endorsed, for the first time, member states pursuing unilateral macro-prudential measures to manage cross-border capital flows. The implications for the control of risk are uncertain as such measures are likely to challenge the assumption that capital is cross-border fungible. This commentary reappraises the evolution in risk transmission processes which have led to a polarised G-20 endorsing unilateral regulatory policy initiatives. In addition, it presents an alternative framework whereby inflationary sensitive commodities markets might function in a multi-currency clearing system thus short-circuiting the causal relationship between a devaluing dollar and emerging economies’ inflation.

Keywords: G-20; inflation; macro-prudential policy; regulation (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aza:rmfi00:y:2011:v:4:i:4:p:327-333

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