Crash Course Economics

Monetary policy: effects on the Global South with Pablo Bortz

June 30, 2020 Pablo G. Bortz Season 1 Episode 3
Crash Course Economics
Monetary policy: effects on the Global South with Pablo Bortz
Chapters
0:00
Introduction by Sara Murawski
2:04
Rodrigo Fernandez on the past sessions and introduces Pablo Bortz
4:50
Start of extended interview with Pablo Bortz
6:56
Financial integration in the global South. The hierarchy of money
22:45
Systemic risks of not having access to dollars + bond market vs. bank-led crisis
26:38
Power of asset managers
28:34
G20 and IMF proposal for debt standstill. Argentinian debt crisis
33:59
Carry trade, destruction of local economy by IMF policy
38:49
Concluding: Capital controls as a solution? Different alternatives, have different options important
41:22
Q&A: Regulation of foreign investors
44:22
Q&A: Monetary policy in the Global North that would not harm the South?
48:34
Q&A Role multinationals in the financial crisis?
50:54
Q&A Lowering interest rates and reserve requirements to incentivise investments
53:06
Q&A Failed Argentinean crisis-policy and debt market in pesos
57:18
Q&A Monetary financing by Central banks in Latin America
1:00:43
Wrap up by Sara Murawski
Crash Course Economics
Monetary policy: effects on the Global South with Pablo Bortz
Jun 30, 2020 Season 1 Episode 3
Pablo G. Bortz

Pablo Bortz speaks with Sara Murawski and Rodrigo Fernandez about monetary policy and the effects on the Global South in the third webinar of Crash Course series on monetary policy, central banks and ideology.

In this interview we will ask what effect the previous round of QE had on the global south? How did it inflate debt levels? What can we expect from the current crisis-led monetary policy in developed economies?

  • What are the policy areas and instruments we need to look at to mitigate these effects? Is there a role for central banks and monetary policy in the global south?
  • How should we move from inward-looking central banks in the global north to a mandate that includes global monetary policy?

Pablo G. Bortz obtained his Ph.D. at the Delft University of Technology. He is the author of Inequality, Growth, and ‘Hot’ Money (Edward Elgar). He is currently Professor of Macroeconomics at the University of San Martín, Argentina and he also teaches at the University of General Sarmiento. He worked at the Argentine Ministry of Finance, the Ministry of Foreign Affairs, and the Central Bank, and was Economic Affairs Associate at the United Nations Conference on Trade and Development (UNCTAD).


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About Crash Course Economics

Crash Course is a platform designed to open up debate on how we can move out of the current crisis and make the necessary steps towards achieving social, economic, ecological and regenerative justice.

Crash Course is inviting global experts to break down complex issues in lay terms and make them accessible to all so that we can understand how to shape our economic system for a just recovery and future.

Website: https://crashcourseeconomics.org/

Newsletter: https://crashcourseeconomics.us10.list-manage.com/subscribe?u=8367ecf9343da28ffa5d80d46&id=e197615bf5

YouTube: https://www.youtube.com/channel/UCu3cbKwed48Bu7dkQDVjRQA

Twitter: https://twitter.com/CrashEconomics

Show Notes Chapter Markers

Pablo Bortz speaks with Sara Murawski and Rodrigo Fernandez about monetary policy and the effects on the Global South in the third webinar of Crash Course series on monetary policy, central banks and ideology.

In this interview we will ask what effect the previous round of QE had on the global south? How did it inflate debt levels? What can we expect from the current crisis-led monetary policy in developed economies?

  • What are the policy areas and instruments we need to look at to mitigate these effects? Is there a role for central banks and monetary policy in the global south?
  • How should we move from inward-looking central banks in the global north to a mandate that includes global monetary policy?

Pablo G. Bortz obtained his Ph.D. at the Delft University of Technology. He is the author of Inequality, Growth, and ‘Hot’ Money (Edward Elgar). He is currently Professor of Macroeconomics at the University of San Martín, Argentina and he also teaches at the University of General Sarmiento. He worked at the Argentine Ministry of Finance, the Ministry of Foreign Affairs, and the Central Bank, and was Economic Affairs Associate at the United Nations Conference on Trade and Development (UNCTAD).


---


About Crash Course Economics

Crash Course is a platform designed to open up debate on how we can move out of the current crisis and make the necessary steps towards achieving social, economic, ecological and regenerative justice.

Crash Course is inviting global experts to break down complex issues in lay terms and make them accessible to all so that we can understand how to shape our economic system for a just recovery and future.

Website: https://crashcourseeconomics.org/

Newsletter: https://crashcourseeconomics.us10.list-manage.com/subscribe?u=8367ecf9343da28ffa5d80d46&id=e197615bf5

YouTube: https://www.youtube.com/channel/UCu3cbKwed48Bu7dkQDVjRQA

Twitter: https://twitter.com/CrashEconomics

Introduction by Sara Murawski
Rodrigo Fernandez on the past sessions and introduces Pablo Bortz
Start of extended interview with Pablo Bortz
Financial integration in the global South. The hierarchy of money
Systemic risks of not having access to dollars + bond market vs. bank-led crisis
Power of asset managers
G20 and IMF proposal for debt standstill. Argentinian debt crisis
Carry trade, destruction of local economy by IMF policy
Concluding: Capital controls as a solution? Different alternatives, have different options important
Q&A: Regulation of foreign investors
Q&A: Monetary policy in the Global North that would not harm the South?
Q&A Role multinationals in the financial crisis?
Q&A Lowering interest rates and reserve requirements to incentivise investments
Q&A Failed Argentinean crisis-policy and debt market in pesos
Q&A Monetary financing by Central banks in Latin America
Wrap up by Sara Murawski