Showing 1 - 8 of 8
Oped, Jayati Ghosh, Published on 07/11/2025
» As stock markets hit record highs, rising financial fragility is setting off alarm bells across the United States and Europe. The International Monetary Fund has recently echoed these concerns, stoking fears of a looming crisis.
News, Harold James, Published on 16/10/2025
» In an age of shifting geopolitics, many countries' strategic planning includes imaginative exercises in weaponising their positions in the world. While Russia and China have been moderately successful at this game, America's efforts have already boomeranged back on it.
Oped, Hilary J Allen, Published on 07/10/2025
» With the passage of the Genius Act, the United States will allow all manner of companies to issue their own money in the form of crypto assets known as "stablecoins".
News, Mike Dolan, Published on 16/08/2025
» Treasury market bulwark or catalyst for a liquidity bubble? No one's sure whether the now government-blessed "stablecoin" explosion will juice or destabilise the economy.
News, Mike Peacock, Published on 25/04/2025
» Central bank digital currencies (CBDCs) have often been deemed a solution in search of a problem. But US President Donald Trump appears to have provided a rationale for CBDCs, even as he has banned the development of a digital dollar.
Oped, Paul Ryan, Published on 14/11/2024
» Imagine a world where China has supplanted the United States atop the world economy, and the renminbi, not the greenback, is the global reserve currency. This scenario would be disastrous for US citizens, businesses, and allies. Given America's record high debt and unsustainable spending, reduced demand for dollar assets would cripple the US economy. The government would be forced to cut public services and military expenditures, altering almost every facet of American life -- and not for the better.
News, Koray Caliskan, Published on 31/08/2023
» When the Venetian merchant Marco Polo travelled the Silk Road in the thirteenth century, he encountered not only unfamiliar peoples, but also new (to him) forms of finance. In China, he was shocked to learn that Kublai Khan had introduced paper money. It was lighter, easier to transfer and store, and more valuable than the metal coins packed in his purse. After returning to Venice, Marco Polo taught his fellow merchants how to use the Khan's innovation. Even though some rejected the flat, foldable currency, arguing that it was no gold and never would be, paper money would change the world.
Oped, Willem H. Buiter, Published on 12/02/2022
» The price of Bitcoin has undergone yet another wild gyration, rising from $41,030 (1.3 million baht) on Sept 29, 2021, to $69,000 on Nov 10, 2021, before falling back to $35,075 on Jan 23. That is its second-largest decline in absolute value, though it has suffered larger declines in percentage terms, such as between Dec 15, 2017, and Dec 14, 2018, when it fell by 83.8%. More broadly, the cryptocurrency market (comprising some 12,278 coins) was estimated to be worth $3.3 trillion on Nov 8, 2021, before plummeting to $1.75 trillion as of Jan 30.