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Geneva Report 29: Changing Structure and Challenges of the International Financial System: Imbalances, Currencies, and Financial Stability

Written by Kogod School of Business | November 5, 2026

Kogod Professor Valentina Bruno contributed to the 29th Geneva Report on the World Economy, published by CEPR Press.

The report examines four major challenges facing the global financial system: global imbalances, the international role of the US dollar, global liquidity, and the geopolitical forces shaping economic stability.

Key Takeaways

  • Global economic imbalances remain a central challenge for international financial stability, raising questions about the structure and resilience of the global financial system.
  • The US dollar's international role and the availability of global liquidity are critical to understanding how financial risks spread across countries.
  • Geopolitical developments add complexity to global economic imbalances and the challenges facing the international monetary system.

Read the full report. 

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