19 Items

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

Syra Madad on How New York City Has Handled the COVID-19 Pandemic

| June 26, 2020

Belfer Center Executive Director Aditi Kumar interviews Senior Director of the System-wide Special Pathogens Program at NYC Health + Hospitals Syra Madad about New York City's response to the COVID-19 pandemic.

President of European Central Bank Christine Lagarde speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, Jan. 23, 2020. 

AP Photo/Michael Probst

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

The Week in Covid-19 and Economic Diplomacy: ‘Buy Buy Baby’

| June 04, 2020

The Economic Diplomacy Initiative is launching a weekly tracker featuring major developments in the global economic response to the COVID-19 crisis. This week: The U.S. withdraws from the WHO. What’s next for asset purchases at the world’s central banks? European fiscal policy emerges. And poverty and hunger crises join financial turbulence on the list of emerging market risks.

Central Bank Digital Currency Tracker

Atlantic Council and Belfer Center

Infographics & Charts

National Digital Currencies: The Future of Money?

| Updated September 2020

China piloted a national digital currency in April 2020. The European Central Bank has convened a working group of major economies to coordinate digital currency research and development. The U.S. Federal Reserve said it was in the early stages of researching the digital dollar. Spurred by the potential to modernize domestic payments systems, or take a leading role in updating the global payments infrastructure that supports cross-border trade and remittances, nations around the globe are exploring the merits and risks of issuing a digital currency. While many are in the early stages of research, central banks representing one-fifth of the world's population say they will issue a digital currency very soon.

The Belfer Center’s Economic Diplomacy Initiative, in collaboration with the Atlantic Council’s Global Business and Economics Program, is tracking the latest developments in central bank issued digital currencies.

In this June 10, 2019, file photo of a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. 

AP Photo/Kin Cheung, File

Analysis & Opinions - Los Angeles Times

China Pioneers a National Digital Currency. Can the U.S. Catch Up?

| May 04, 2020

While much of the world is consumed by the COVID-19 crisis, the Chinese government is quietly unleashing a financial innovation that will reshape its economy and improve its strategic standing for decades to come. In April, China’s central bank introduced the “digital yuan” in a pilot program across four cities, becoming the world’s first major economy to issue a national digital currency.

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington.

AP Photo/Jacquelyn Martin

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

How is the U.S. Federal Reserve Responding?

| Apr. 07, 2020

The Fed’s response is directed toward achieving three goals: preventing financial markets from breaking down and magnifying the crisis; supporting domestic businesses through economic turbulence which could result in wide-spread bankruptcies; and ensuring that foreign central banks in major economies have access to dollar liquidity.

German Chancellor Angela Merkel speaks at a press conference about coronavirus, in Berlin, Sunday, March 22, 2020.

Michael Kappeler/Pool photo via AP

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

How Have European Central Banks Responded?

| Apr. 07, 2020

As European nations react to the spread of the novel coronavirus, leaders across Europe, from the European Central Bank, European Commission, and national governments, are deploying a host of policy tools to contain the economic fallout. 

teaser image

Digital Currency Wars Simulation Tests New Economic Challenges

| Spring 2020

Digital currencies are on the rise. More than a decade after bitcoin made cryptocurrency mainstream, countries and central banks are evaluating whether to issue their own digital cash. The Belfer Center’s Economic Diplomacy Initiative (EDI) is exploring how policymakers should manage economic policy and the national security implications of this disruptive trend.

To illustrate the challenges posed by digital currency, EDI conducted a national security crisis simulation in Harvard Kennedy School’s JFK Jr. Forum. The simulation featured Harvard and MIT faculty and former government officials portraying National Security Council (NSC) members.

U.S. President Donald Trump and Indian Prime Minister Narendra Modi sit for a meeting at Hyderabad House, Tuesday, Feb. 25, 2020, in New Delhi, India.

AP Photo/Alex Brandon

Analysis & Opinions - The Boston Globe

Is Trump Risking the Bedrock Principle of the U.S.-India Partnership?

| Mar. 03, 2020

Trump must balance the critical military and economic ties the United States is building with India against the repudiation by the Modi government of the very principles that are at the foundation of the friendship itself.

Report

Digital Currency Wars: A National Security Crisis Simulation

On November 19, 2019, the Belfer Center’s Economic Diplomacy Initiative hosted a national security crisis simulation in the JFK Jr. Forum to a packed audience from the Harvard and MIT communities. 

Drawing on the experience of Belfer Center members who have served in the highest levels of the U.S. government, the event explored the nexus of U.S. economic power and its national security interests.

Aditi Kumar and Anand Giridharad

Mike Destefano

- Belfer Center for Science and International Affairs, Harvard Kennedy School

Q&A: Aditi Kumar

| Fall/Winter 2019-2020

Aditi Kumar is Executive Director of the Belfer Center. Prior to joining the Center, she was a Principal at Oliver Wyman in the financial services and public policy practices, and earlier was a project manager at the World Economic Forum. A joint graduate of Harvard Kennedy School and Harvard Business School, she also worked previously in the International Affairs office of the U.S. Department of the Treasury.