COVID-19 and Global Economy

My new book “The Global Economic Order” explores in depth the institutions that underpin the global economy. It provides insights into why a minimum economic order has endured for so long and why states are unwilling to establish a maximum order, a global safety net for all. Available on Amazon, EE

Epilogue: COVID-19 and the Global Economy

The Geo-Economics of COVID-19

COVID-19 and the United States

EU Response to COVID-19

COVID-19 Response: China

COVID-19 and Japan

COVID-19 and Emerging Economies


‘In this amazingly comprehensive book Elli Louka masterfully describes the politics and policies, the law and institutions, and the formal and informal processes and participants that have defined the global financial and monetary system, past and present. This is a sober and necessary explanation and evaluation of why and how minimum order has been maintained and why maximum order is so elusive.’
– Jacob Katz Cogan, University of Cincinnati College of Law, US

‘It all comes together in Louka’s extraordinarily lucid, accessible and realistic account of the structure and workings of the global political-economic system. Her book is rich in descriptions of key institutions and in contemporary and historic examples. Louka’s deconstruction of the global law-making process and the regulatory initiatives of the key international institutions as well as her recommendations for securing minimum order in the system are refreshingly feasible and reasonable.’
– Michael Reisman, Yale Law School, US

‘In this book, Elli Louka reassesses a collection of key issues that shape the international law and politics of the financial and monetary system, such as the making of economic policy, economic strategies of states, global economic conflicts, truces and peace, and global bodies, societies and guilds. The analysis is thoughtful and provocative which makes The Global Economic Order a most valuable and important contribution to financial and monetary system governance literature.’
– Julien Chaisse, City University of Hong Kong, Hong Kong SAR

Related Sources Available Online

The Economic Consequences of Peace (Keynes)

Policy in a World of High Capital Mobility (Engel)

Policy in the New Normal (Bayoumi)

How to Design Liquid Markets (BIS)

Living with Asymmetry (Obstfeld)

How to Get out of this Mess (Turner)

Global Liquidity: Public and Private (Landau)

Stitching Together the Global Financial Safety Net (Denbee)

Liberalization of Capital Flows (IMF)

Comparative Advantage

US: From World Banker to Venture Capitalist (Gourinchas & Rey)

Dilemma not Trilemma (Rey)

Triad and Unholy Trinity (Cohen)

Global Liquidity and Procyclicality (Shin)

Liquidation of Government Debt (Reinhart & Sbrancia)

Slapped in the Face by the Invisible Hand (Gordon)

Policy in the Great Depression (Wheelock)

Revealing the Secrets of the Temple (Williams)

Debt and Not Much Deleveraging

Obscurity to Notoriety: ESF (Schwartz)

Dodd-Frank Act and its Consequences (Skeel)

How to Prevent Hard Cases from Making Bad Law (Kahan & Rock)

Global Dollar Credit (McCauley)

In the Press

Technology Quarterly: Cryptocurrencies and Blockchains, Economist

Fear of the Lira, Economist

Beijing Struggles to Keep Its Currency On Course

Bartering for Iran

The Stickly Superpower

Why the Swiss Unpegged the Franc, Economist

Fear of Inverted Yield Curve

Riches to Rugs: Swiss Central Bank Losses

Defying the United States: Instex