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Navigating Global Financial System Fragmentation report
February 23 , 2025
11 hrs 0 min
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- This report has estimated that fragmentation resulting from statecraft policies could cost the global economy $0.6 trn to $5.7 trn up to 5% of global GDP.
- This is due to the reduced trade and cross-border capital flows as well as lost economic efficiencies.
- India and some of the other emerging economies can bear the biggest burden in the most extreme fragmentation scenario.
- Already the dollar’s share in global reserves from 71% (1999) to 58% (2024).
- This Fragmentation also refers the degree of differences that exists across the jurisdictions in the prices of economically identical (or similar) assets, or in the free movement of capital across borders, etc.
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