
Hosted by IMF Podcasts · EN

The recent scramble for the minerals that go into our electric vehicles, solar panels, and defense systems has exposed vulnerabilities in the supply chains. Mineral markets are complex, spanning dozens of materials found around the world, but the real challenge is processing. More than 90 percent of rare earth minerals are currently processed in China. Gracelin Baskaran is the founding director of the Critical Minerals Security Program at the Center for Strategic and International Studies. In this podcast, she says mineral security is not just a national security imperative, it's an economic security imperative. Transcript: https://bit.ly/4uBN1qu Read the article in Finance & Development magazine

As global powers face rising geopolitical tensions, sanctions, export controls, and tariffs are once again tools of leverage, marking the resurgence of geoeconomics, where economic policy and national security converge. This approach to business was largely abandoned by the West after the Cold War, though for most other countries, geopolitics and economics have always been closely linked. Josh Lipsky is the founding director of the GeoEconomics Center at the Atlantic Council, and Matteo Maggiori is a professor of finance at the Stanford Graduate School of Business. In this podcast, they discuss the new face of geoeconomics and its seemingly vengeful comeback. Transcript: https://bit.ly/4fe0G2a Read the articles in Finance & Development magazine: IMF.org/fandd

When global volatility increases, so does the demand for the dollar. When countries face sanctions, they rush for gold. But while the two have been the most common reserve currencies for decades, surprising alternatives are emerging. UC Berkeley professor and author Barry Eichengreen, along with IMF economists Chima Simpson-Bell and Serkan Arslanalp, track the dynamics of reserve currencies in their recent NBER paper. In this podcast, Eichengreen and Simpson-Bell discuss the changing landscape of reserve currencies. Transcript: https://bit.ly/43ovB4o

When esteemed economist and author Eswar Prasad set out to write his latest book, it was to be about the promise of some recent trends within the world's economic and power structures, but he found something darker. The Doom Loop is about what happens when the positive forces that normally bring stability begin to work against each other. In this podcast, Prasad says that the dynamics of this negative feedback loop have led to the erosion of institutions across the globe. Transcript: https://bit.ly/4d5i8Df

While it is true that death and taxes are unavoidable, good tax policies can help delay the inevitable. So-called sin taxes on alcohol, tobacco, sugar, and other harmful products can raise revenues and reduce public healthcare spending. In this podcast, economist Christoph Rosenberg says sin taxes are relatively easy to collect and, done right, can nudge people towards healthier lifestyles. Transcript: https://bit.ly/4ttwKmI Read the article Finance & Development magazine. IMF.org/fandd

African economies began tapping into overseas markets for funding in the early 2000s, after debt burdens had been alleviated by the Highly Indebted Poor Countries (HIPC) Initiative. However, surging interest rates on dollar- and euro-denominated loans in recent years have prompted countries to turn to domestic markets for their borrowing needs. Amadou Sy heads the IMF Regional Studies division. In this podcast, he says there are benefits to issuing debt in local markets and in local currency. Transcript: https://traffic.libsyn.com/imfpodcast/Amadou_Sy-transcript-IMF_Podcast.pdf Read the article at IMF.org/FandD

Unprecedented debt levels are pressing governments to make tough choices. While aging populations demand more public spending, resources are stretched thin, and the days of cheap borrowing that allowed the debt burden to be kicked down the road are behind us. Rodrigo Valdés and Era Dabla-Norris head the IMF Fiscal Affairs department and write about high debt and hard choices in the March edition of Finance & Development magazine. In this podcast, they say the erosion of public trust is a factor in reconciling competing fiscal priorities. Transcript: https://traffic.libsyn.com/imfpodcast/Valdes-Dabla-Norris-AUDIO-transcript-IMF_Podcast.pdf Read the article at IMF.org/fadd

The most prosperous of civilizations were the most open. The Romans, for example, expanded their empire by integrating the populations they conquered, creating a melting pot of new ideas. Johan Norberg's latest book, Peak Human, examines the rise and fall of seven golden age civilizations. In this podcast, he says that if openness to learning and trade are what great societies make, building walls to protect their dominance often sparks their demise. Norberg is a historian and senior fellow at the Cato Institute. Transcript: https://traffic.libsyn.com/imfpodcast/Johan_Norberg-transcript-IMF_Podcast.pdf Read the article Finance & Development: IMF.org/fandd

There is strength in numbers, and the idea of European integration through a single market was to capitalize on the EU as a whole. However, the single market is a product of the early 90s, and EU member states now appear reticent to pool sovereignty to the degree required to counter the geopolitical challenges of today's world. Enrico Letta is President of the Jacques Delors Institute and a champion of Delors' vision of creating a fully integrated European economic space. Letta's 2024 report, Much More than a Market, argues that adaptation of the single market should include all sectors rather than a select few and that fragmentation is holding Europe back. Transcript: https://traffic.libsyn.com/imfpodcast/Enrico_Letta-transcript-IMF_Podcast.pdf

While official statistics compiled by government agencies are still considered the most reliable, policymakers are increasingly using private data to get around their limitations. Claudia Sahm is a former principal economist at the Federal Reserve Board of Governors and has studied the growing role of alternative data in monetary policy. In this podcast, Sahm says the immediacy and granularity of private company data should serve as a complement to traditional data, not as a substitute. Transcript: https://bit.ly/3MH31X6 Read the article at IMF.org/fandd