Articles by Jose Antonio Ocampo

Revoking the United States' Exorbitant Privilege

The latest U.S. shutdown shows how much the global financial system needs to be reformed.

How I Would Lead the World Bank

I have been honored by World Bank directors representing developing countries and Russia to be selected as one of two developing country candidates to become the bank's next president. So I want to make known the principles that will guide my actions if I am elected — principles based on lessons learned from development experience.

Reserve Reform

Both China and the United Nations Commission of Experts on Reforms of the International Monetary and Financial System have called for a new global reserve system. The essential idea is quite simple: In the long run, an international monetary system cannot be built on a national currency, a point made a half-century ago by the Belgian-American economist Robert Triffin.