Authors Anusha Chari (University of North Carolina at Chapel Hill and CEPR), Nathan Converse (Federal Reserve Board) and Gian Maria Milesi-Ferretti (The Brookings Institution and CEPR) will present the key findings of the 28th Geneva Report on Geopolitical Tensions and International Fragmentation: Evidence and Implications.
The 28th Geneva Report examines how rising geopolitical tensions are reshaping global finance. The cooperative order that supported decades of economic integration shows signs of fragmentation. Trade, investment, and financial linkages are being redrawn. The authors explore how geopolitics is driving these shifts - from reconfigured payment systems to changing reserve currency use – and assess the implications for the efficiency and resilience of international finance. They warn that new geopolitical fault lines risk weakening the global financial safety net and complicating crisis coordination. The report highlights the uneven costs of fragmentation, with emerging economies particularly exposed, and calls for policies that preserve openness, strengthen resilience, and reform international institutions to foster stability in an increasingly multipolar world.
A discussion with the audience will be moderated by Ugo Panizza (Geneva Graduate Institute and CEPR).
PRESENTERS
Anusha Chari (University of North Carolina at Chapel Hill and CEPR)
Nathan Converse (Federal Reserve Board)
Gian Maria Milesi-Ferretti (The Brookings Institution and CEPR)
MODERATOR
A discussion with the audience will be moderated by Ugo Panizza (Geneva Graduate Institute and CEPR).
More information on the Geneva Reports on the World Economy can be found on our website where the report is now available to download.
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