WEF奥纬咨询2025驾驭全球金融体系碎片化研究报告英文版46页

Navigating Global Financial System FragmentationINSIGHT REPORTJANUARY 2025In collaboration with Oliver WymanImages: Getty Images, ShutterstockContentsForeword 3Executive summary 4Introduction 81 Past, present and future of the global financial system 91.1 The US dollar’s centrality 101.2 Integration of a global system 111.3 Use of the financial system for economic statecraft 121.4 Multipolarity and pressures for fragmentation 142 What are the costs of a fragmented financial system? 162.1 Macroeconomic impact 162.2 Impact on EMDEs 202.3 Impact on financial institutions 223 Guardrails to protect the global financial system 253.1 Principles to Safeguard the Global Financial System from Fragmentation 253.2 Rules of Engagement for Responsible Economic Statecraft 283.3 A positive vision for the financial system 314 Policy recommendations: A framework for action 324.1 Contend with existing financial fragmentation 334.2 Resist further system fragmentation 354.3 Reform the glob