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Lawrence H. Summers on Rethinking Multilateralism

With introductions by Markus Brunnermeier
December 17, 2021
11:30 am
Markus' Academy

More from this series
Online: Zoom

Video

Watch the full presentation below. You can also watch all Markus’ Academy webinars on the Markus’ Academy YouTube channel.

Executive Summary

[0:00] Markus’ introductory remarks on global public good. 

[9:38] Security requires global coordination 

[12:08] Global savings is not channeled to right place

[14:51] Rethink development banking system to fund global public goods

[21:35] Replenishing official financial institutions

[25:48] Implementation of international architecture

[37:58] Belt and Road Initiative

[44:13] Extend debt repayment enforcement technology

[49:00] Financial Stability and debt restructuring

[54:24] US monetary policy spillover effects

[1:03:00] Pollution, carbon taxes, and innovation