The Group regularly launches study groups to analyze topics of particular or systemic importance to central banks, supervisors, financial firms, and participants in global financial markets. Each study group's leadership and membership is drawn from the G30 membership, but the teams can be broader than that of the Group, including experts from specialized fields in economics, finance and academia. Study participants work together to offer actionable solutions, policy recommendations, and examples of best practices in the area being studied.
Working Group on Digital Currencies
Kenneth Rogoff, Steering Committee Co-Chair
Raghuram Rajan, Steering Committee Co-Chair
This project hopes to guide central banks and regulators with the large number of policy choices presented by new payment technologies and the entrance of tech players in the global payments arena. How can we improve the efficiency of payment systems while safeguarding financial stability, monetary policy transmission channels, financial inclusion, investor protection, and countering illicit activities? Under what parameters should central banks deploy their own digital currencies?
To access the report, Digital Currencies and Stablecoins: Risks, Opportunities, and Challenges ahead, please click here.
Working Group on Climate Change and Finance
Janet Yellen, Steering Committee Co-Chair
Mark Carney, Steering Committee Co-Chair
This project will evaluate how countries and finanical authorities can best encourage a transition to a carbon neutral economy. The study will examine climate-related financial disclosure, climate stress-testing, a global carbon tax, and other policies aimed at greening the finanical system.
Working Group on Reviving and Restructuring the Corporate Sector post-COVID
Mario Draghi, Steering Committee Co-Chair
Raghuram G. Rajan, Steering Committee Co-Chair
The project hopes to guide the design of public policy interventions needed to support the post-COVID recovery and restructuring of the corporate sector. Policy-makers will have to decide on responses concerning firms of varying levels of economic viability, access to financing, and strategic significance. This study will also examine how interventions will have to take into account the need for economic transformation for a post-COVID era and to contain the spillover of problems to the financial sector, with further risk to economic growth.
Working Group on Restructuring Sovereign Debt for Recovery and Growth post-COVID
Guillermo Ortiz, Steering Committee Co-Chair
Lawrence Summers, Steering Committee Co-Chair
This project recognizes how COVID-19 adds to the debt distress already building in many emerging markets, undermining governments' ability to protect livelihoods and deal with more fundamental development challenges. The study will address the need to strengthen the sovereign debt management architecture and widen the number of those around the table required to design workable solutions to debt problems.