Frieder Zaspel

[Frieder Zaspel @FriederZaspel]

@pat_kaczmarczyk Sehr gehaltvoll, Ihre politischen Analysen

[Frieder Zaspel @FriederZaspel]

@hahauenstein a) Gibt halt nicht das Gesprochene wieder, b) bezogen auf das tatsächlich Gesagte existiert sehr wohl eine linke Kritik der EU als technokratisches Konstrukt, das Demokratiedefizite aufweist und multinationalen Konzernen nähersteht als den 'normalen' EU-Bürgern und Arbeitnehmern

[Frieder Zaspel @FriederZaspel]

@StephanKaufman1 Dass dadurch hingegen kein cliff-Effekt einsetzt oder Liquiditätskrise getriggert wird wie ggf. bei vergleichbaren Downgrades in developing countries, ist klar.

[Frieder Zaspel @FriederZaspel]

@StephanKaufman1 Bzgl. internationaler Attraktivität der Währung und CHNs Intention, die Internationalisierung des RMB voranzutreiben, könnten Ratings perspektivisch aber schon einen Unterschied machen (v.a. vis-à-vis anderer, Non-USD Währungsalternativen wie dem Euro), oder?

[Frieder Zaspel @FriederZaspel]

@stffhaag Absolutely, there are a couple of policies that could deter investors and incite sell offs - and anticipation of such ‘market discipline’ may in fact have already led to a weakening of the political rhetoric.. will be interesting to see what will follow

https://t.co/AlTa09iZAG

[Frieder Zaspel @FriederZaspel]

@stffhaag (Or perhaps I'm misinterpreting something here... found this Reuters piece quite useful in this regard: https://t.co/3mhD9cgn2M)

[Frieder Zaspel @FriederZaspel]

@stffhaag I'm not sure whether this screenshot proves the argument though as (increased) uncertainty on behalf of investors would generally translate into falling bond prices on sec. markets (higher perceived risk of default), possibly this is rather about the electoral procedure as such

[Frieder Zaspel @FriederZaspel]

@BJMbraun @picharbonnier A voter turnout of under 6% is hardly 'solid evidence' for such claims and extrapolation, is it?

[Frieder Zaspel @FriederZaspel]

@michael_galant Are they though? Last IMFC communiqué @ Annual Meetings explicitly mentioned it would consider reviewing the surcharges policy. Brazil has put the issue on its G20 agenda as well so I'd argue the probability of concrete changes will likely increase in the near to medium term...

[Mark Sobel @sobel_mark]

Adam Tooze👇correctly argues there are some huge imbalances in IMF country & global econ weights, esp 🇨🇳🇮🇳, compromising the IMF's legitimacy.

He's correct US couldn't likely now stomach higher 🇨🇳 share given 🇺🇸🇨🇳 stress.

But perhaps one impression merits clarifying.

[Frieder Zaspel @FriederZaspel]

@C__West @his_hamburg @dlfnova Ein sehr differenzierter und informativer Vortrag, vielen Dank! Hätten Sie womöglich zur Frage der Spannung von internationalem Wettbewerb einerseits und notwendiger grenzüberschreitender Kooperation andererseits (Bsp. mCBDC) womöglich noch weitere Lektüre oder Hörempfehlungen?

[Brad Setser @Brad_Setser]

Worth thinking about Africa's "lost decade" that followed the correction in commodity prices in conjunction with the current fall off in capital flows to the continent ...

1/x

[Frieder Zaspel @FriederZaspel]

@TheoMaret Very interesting discussion, thank you! If I understood you correctly, at the IMF there is a review of the DSF ongoing/planned, do you have more information on the timeline and aspects this review would cover?

[Frieder Zaspel @FriederZaspel]

@JWMason1 How would you analyse the development of domestic currency/fin markets in this context? (e.g. public debt owned by domestic institutional investors or the like) Gabor et al. are rather critical but theoretically this could address the issue of external fin. dependency?

[Frieder Zaspel @FriederZaspel]

@KaiKodden @stffhaag There are a few, yes… @FinDevLab hosts one on debt and one on IFA reform on Friday I think

[Frieder Zaspel @FriederZaspel]

@MonaAli_NY_US Impressive... honest question, do you see enough incentives for public donors to rely on such a mechanism instead of the existing PDB ecosystem? (thereby potentially renouncing a governance model which favours their interests as well as preferred creditor status, for instance)?

[Frieder Zaspel @FriederZaspel]

@MarinaZucker @KevinPGallagher @ChinaGSProject Thanks for your reply. You've probably come across this IMF WP (https://t.co/h7I8XvS0X6) which seems to suggest a certain procyclicality of CHN Swap Lines since they take into account credit ratings and 'other factors'. Would be curious to hear your opinion on that

[Frieder Zaspel @FriederZaspel]

@MarinaZucker @KevinPGallagher @ChinaGSProject (i.e. I'd say 'accessibility' is one major aspect to consider here but 'quality' of rescue funding likewise - ofc, IFI conditionality is another factor here, as you mention)

[Frieder Zaspel @FriederZaspel]

@MarinaZucker @KevinPGallagher @ChinaGSProject Very interesting discussion. (How) do you respond to the claim of the authors that the interest rate charged for CHN swap lines is significantly higher than the ones offered by FED & IFIs? Doesn't this have implications for your argument on a potential recalibration of the GFSN?

[Frieder Zaspel @FriederZaspel]

@YouTube https://t.co/jJKTBUvXOn

[Frieder Zaspel @FriederZaspel]

20220214 https://t.co/uzXwkgTer6 via @YouTube

rest in peace. <3