Economics Advisory

Ousmène Jacques Mandeng

Financial innovations and international monetary affairs



Tokyo
ADBI RBWC Tokyo 2012
Washington
SAIS Washington 2014
Seoul
KDI Seoul 2015
Hamburg
HWWI Hamburg 2017
Paris
HWWI RBWC Paris September 2018

Economics Advisory offers advisory, speaking, seminars and analysis on international monetary affairs and emerging markets capital markets with a focus on crypto-instruments and blockchain-based monetary applications, the IMF, history of the international monetary system and emerging markets currencies and capital markets developments.

Recent presentations



Recent commentary

Financial innovation and the international monetary system

Bali and London, 14 October 2018

The impact of financial innovation on the functioning of the international economy has become an integral part of the multilateral policy agenda. The announcement at the IMF-World Bank Annual Meetings in Bali on 12-14 October of the Bali Fintech Agenda in combination with the IMF Managing Director's Global Policy Agenda indicate that fintech is set to play a more prominent role to address monetary policy and financial stability concerns. This reflects mounting dissatisfaction with prevailing international monetary relations. The positive role attributed to fintech may hint at a new readiness to integrate fintech in monetary and financial policies. [...]

International dimension of central bank digital currencies

IMF-World Bank 2018 Annual Meetings

Conference, Bali, 11 October 2018

[...] I shall focus on the international dimension of central bank issued digital currencies (CBDC) especially how CBDC could address one of the long standing grievances in the international economy, namely inadequate supply and distribution of international liquidity. CBDC could offer a new basis for international currency use and as such have a profound impact on international trade and investments. [...]

Do central banks need to issue currency?

Dialogue of Continents Forum

Conference, Paris, 5 September 2018

[...] Central banks have been considering to introduce digital currency for some time. Currency is the only central bank money available to the non-bank public and central bank issued digital currency or CBDC could transform the way the non-bank public thinks about currency and uses it. Plans for CBDC are well advanced among several central banks and some are expected to adopt CBDC in the near future. At the same time, other central banks are guarded or outright hostile to the idea. The case for CBDC should naturally rest on whether it supports central banks’ and the public's objectives. It seems strongest for the role of CBDC to preserve effective payments operations. [...]

Central bank issued digital currencies and financial inclusion

Tenth Annual Conference—Central Reserve Bank of Peru and Reinventing Bretton Woods Committee

Conference, Sacred Valley, Peru, 24 July 2018

[...] In my remarks I will focus on the session title to respond to the question: Should central banks issue digital currencies or CBDCs? My answer is an unambiguous yes. Physical cash is simply no longer the best technology to make available means of payment widely. The gains from greater monetary control, transparency in payments and scope for financial inclusion should in my view by far outweigh possible disadvantages of CBDCs. However, those gains remain highly contested. I shall focus on the seldom evoked but important special role CBDCs can play to advance financial inclusion. [...]

Trade war, fintech and the new exorbitant privilege

20 July 2018

The U.S.-China merchandise trade war exposes China’s persistent fundamental disadvantage in international exchange. It uses the dollar to conduct most of its trade. While China may retaliate, it remains highly dependent on the U.S. for using the dollar. In a world where the U.S. is a willing leader to support international exchange it may not matter. In a “U.S. first” world it matters a great deal. China’s aim for renminbi internationalisation has thus become far more urgent. New financial technologies may be the new “exorbitant privilege.” [...]



Services

Advisory

Strategic advisory work on monetary innovation, crypto-instruments and blockchain-based monetary applications and the international monetary system with a focus on public policies and the financial public sector.

Seminars

Custom-made seminars on international monetary affairs and monetary history including on crypto-currencies, the International Monetary Fund, the gold standard, the Euro Area, emerging markets currencies. Seminars can be arranged in various formats including working dinners, classes, lectures, interviews.

Speaking

Event and keynote addresses and panel discussions on crypto-instruments and international monetary themes.

Economics Commentary

International economics and monetary analysis and opinion



About

Economics Advisory Ltd. is a London-based private limited company registered in England and Wales.



Ousmène Jacques Mandeng, Director, Economics Advisory Ltd, has worked more than 20 years in the financial sector and international organisations on international investment and economic policy analyses and now focuses on the linkages between financial innovation and monetary and payments developments. He is a Senior Advisor with Accenture in its Global Blockchain Technology Practice.

Ousmène was a Managing Director at Prudential Financial and UBS Investment Bank leading coverage of official financial institutions globally. He worked at the International Monetary Fund, last as Deputy Division Chief coordinating work on IMF lending policies and use of IMF resources and on Latin America including as a Resident Representative. He has commented periodically in the financial press and presented in leading international forums on the international monetary system and emerging markets capital markets developments.

He is a Visiting Fellow at the Institute of Global Affairs at the London School of Economics and Political Science where he focuses on monetary innovations, a Fellow of the Reinvention Bretton Woods Committee and a Member of the Bretton Woods Committee and of Robert Triffin International. He was educated at Toulouse Business School, University of Cambridge and LSE.



All views expressed in this blog are those of Economics Advisory and not necessarily those of Accenture or other clients.



Contact

ousmene@economicsadvisory.com