Barry Eichengreen thinks the argument that they will rests on a slew of shaky assumptions and leaves key questions unanswered.

Since 1913, even default has been more common

Has to be seen to be believed: https://t.co/R9I4NwI5hy

The U.S. currency’s rise and fall from prominence in the early 20th century offers lessons for today’s political leaders.

Crises, the dollar and more

Skidelsky’s erudite and thought-provoking book tackles a dominant issue of the day, and indeed of the last two centuries.

Selgin challenges the hypothesis that New Deal policies helped stimulate recovery from the Depression.

Dadush carefully analyzes the underlying drivers and consequences of near-shoring, friend shoring, decoupling, and fragmentation.

According to Chen, China can reduce tensions over lending by more clearly distinguishing policy and commercial lending.

Dank Donald Trump ist das Vertrauen der Finanzwelt in die Leitwährung Dollar erschüttert. Schlägt jetzt die Stunde des Euro?

美國總統川普重返白宮後，全球金融市場再次籠罩在一片不安之中，二戰結束後奠定的全球經貿規則和秩序如今正面臨洗牌。川普2.0的「美國優先」會否引爆另一場貨幣冷戰，進而衝擊美元作為全球儲備貨幣的地位？美國巨額財政赤字與龐大債務問題，是否可能讓1930年代經濟大蕭條重演？

Barry Eichengreen observes that whereas US and German fiscal policies imply higher government debt, the similarities end there.

The State of Globalisation brings together leading economists to examine how technology, policy, and geopolitics are simultaneously reshaping the global economy in unprecedented ways. Far from marking a simple retreat, today’s divergent forces are transforming cross-border trade, investment, and supply chains, generating both new risks of fragmentation and fresh opportunities for cooperation. Drawing on new research presented at a landmark conference, this volume explores how these drivers interact, the historical context that shapes them, and the pressing need for institutions to adapt to maintain an open and resilient global system.

YouTube video by Amanpour and Company

Reliance of stablecoin issuers on centralized custodians introduces devaluation risk similar to that observed in traditional currencies under pegged exchange rate regimes. We construct market-based...