The Geopoliticization of Swaplines
Financial crises often reveal the political architecture hidden inside monetary plumbing. The Financial Times Alphaville article on swap lines is useful because it does not treat central bank…
Financial crises often reveal the political architecture hidden inside monetary plumbing. The Financial Times Alphaville article on swap lines is useful because it does not treat central bank…
Maurice Obstfeld opens his recent PIIE note with a crisp proposition: the world does not need America’s current-account deficit to satisfy excess demand for dollars. In the narrow…
A good way to visualize the effects of the international monetary system during the Bretton Wood era is to plot exchange rates over a long run period for…
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