Euro, Dollar, Yuan Uncertainties - Scenarios on the Future of the International Monetary SystemWorld Economic Forum |
The initiative on Euro, Dollar, Yuan Uncertainties – Scenarios on the Future of the International Monetary System began in early 2011 against a background of increasing concerns among many Forum members and constituents about the state of the global economy.
Currency volatility and fiscal crises have consistently featured as key global risks in the World Economic Forum’s Global Risks Report in past years. Over the course of 2011, the escalating sovereign debt crisis in Europe, discussions around the sustainability of US debt levels and questions around economic reforms in China have exacerbated the challenges to global economic stability.
In this context, the Forum has mobilized key resources, including its Strategic Foresight, Europe, Financial Services, Global Risks and Global Agenda Council teams, to initiate a process aimed at supporting stakeholders in better understanding how these uncertainties may play out, and how stakeholders can prepare for plausible yet challenging alternative scenarios.
This report is the synthesis of the insights generated in a process engaging over 200 policy-makers, private sector leaders and academic experts through discussions and a series of high-level workshops in Brussels, New York, London, Beijing, Davos-Klosters and Dalian.
This dynamic interaction complements a number of related Forum initiatives including those of the Global Agenda Councils on the International Monetary System, Fiscal Crises and Institutional Governance Systems, the B20 Task Force on the Future of the International Monetary System, as well as the Remodelling Europe Initiative which intends to deepen policy discussions on how to provide a more stable economic environment and increase the growth outlook for Europe.
We hope that you find the insights informative and thought-provoking, and that this report will continue to serve as the basis for productive strategic conversations between stakeholders.
Published: 2012-07-26
Euro Dollar Yuan Uncertainties Report 2012
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