World Economy & Finance Research Programme - Home

ESRC logo

World Economy and Finance

The World Economy and Finance Research Programme came to an end on 31st January 2010. It began on 1st March 2004, and during its life 26 groups of researchers have investigated myriad inter-relationships between economic activity and finance.

To mark the occasion, a conference, “Picking up the Pieces” was held at One Great George Street, Westminster, London, on the afternoon and early evening of Thursday 28th January 2010. Details, including slides from the presentations, can be found on our Events page.

The Report “World Economy and Finance” offers a very brief sketch of the research carried out under the Programme. It contains contact details of leaders of the research groups who undertook the work and addresses of web sites to enable all those interested to obtain further details of any of the work done.

The research of the World Economy and Finance Research Programme is of course more enduring; preserved in the many research reports, working papers, articles in scholarly journals, books, and conference presentations. It forms the basis for continuing research; and it contributes to debate on and formulation of public policy.

Download: World Economy and FInance (PDF)


Prepared by John Driffill with contributions from Elvira Mambetisaeva, Luca Andriani, Federico di Pace, and Alexander Karalis-Isaac



Chatham House Report

Edited by
Paola Subacchi and John Driffill

Beyond the Dollar: Rethinking the International Monetary System

This report maps out proposals for a new international monetary order and looks at ways in which monetary authorities and political leaders can help prepare the ground for a new system and facilitate the transition.

Key recommendations include:

- A multicurrency reserve system for a multipolar world economy
- Promote dialogue and policy coordination to provide stability, confidence and balanced adjustment
- Strengthen the role and legitimacy of international institutions, including how the surveillance role of the International Monetary Fund (IMF) can be reinforced to address more effectively the problem of exchange rates and payments disequilibrium.
- Consideration of how the shape of the international monetary system in the 21st century will be significantly influenced by the interests and the requirements of the emerging powers, including how the dollar-based monetary system is no longer adequate for a larger and more integrated world economy.

Download the paper here (PDF)

Chatham House Report website

If you would like to be added to the mailing list to receive our quarterly e-newsletter giving details of forthcoming events and updates on the Programme, please contact the Programme Administrator Tim Byne.