The strong appreciation of the US dollar against other currencies recently reinforced the contractionary pressures present in the global economy. [...] The “Plaza Agreement then signed between France, West Germany, the United Kingdom, Japan, and the USA, had as a successful commitment to the devaluation of the dollar. [...] In the meantime, as recommended by Gopinath and Gourrinchas (2022), the Fed should reopen the tap on precautionary lines of credit with other central banks – as during the pandemic – to avoid the risks of these being put against the wall in situations of sudden illiquidity in terms of dollars. [...] The Policy Center for the New South (PCNS) is a Moroccan think tank tasked with the mission of contributing to the improvement of international, economic and social public policies that challenge Morocco and Africa as integral parts of the Global South. [...] The PCNS advocates the concept of an open, responsible and proactive « new South »; a South that defines its own narratives, as well as the mental maps around the Mediterranean and South Atlantic basins, within the framework of an open relationship with the rest of the world.
- Pages
- 10
- Published in
- Morocco