The Rethinking Of The International Monetary System

Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act effectively marked the end of the Bretton Woods system of fixed exchange rates. But, in truth, with the rise of private cross-border capital flows, a system […]

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Crypto Crunch Time

The likelihood that the world’s major central banks will sooner or later issue their own digital currencies has brought increased scrutiny of the sector’s existing private players. Sooner or later, cryptocurrency enthusiasts who have long argued that politicians would never dare to regulate Bitcoin and the rest will need to think again. Read More Here

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Five Myths About Cryptocurrency

Cryptocurrencies might turn out to be a massive speculative bubble that ends up hurting many naive investors. Indeed, many cryptocurrency fortunes have already evaporated with the recent plunge in prices. But whatever their ultimate fate, the ingenious technological innovations underpinning them will transform the nature of money and finance. Read More Here

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A Curse Worse Than Cash

Although prominent cryptocurrency advocates are politically connected and have democratized their base, regulators simply cannot sit on their hands forever. Malicious ransomware attacks targeting growing numbers of firms and individuals could prove to be the tipping point. Read More Here

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How An Overheated U.S. Economy Could Create Chaos

This year’s recently released U.S. Treasury Foreign Exchange Report reads like Hamlet would read if we excluded the Prince of Denmark. In seeking the sources for world external imbalances and for global currency misalignments, the Treasury looks everywhere other than where the main source of these imbalances now resides. Read Here | The National Interest

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Perfect Storm Sinking The Almighty Dollar

The “dollar-is-crashing” trade is the ultimate widow-maker. For decades, it’s confounded more punters than bets against Chinese stocks, Japanese debt and Hong Kong property combined. Yet might it soon pay off, finally, thanks to Donald Trump’s blunderbuss of a White House? The odds don’t favour it, at least for now. Read Here – Asia Times

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The Future Of The Dollar

The enduring dominance of the dollar is remarkable—especially given the rise of emerging markets and the relative decline of the U.S. economy, from nearly 40 percent of world GDP in 1960 to just 25 percent today. But the dollar’s status will be tested by Washington’s ability to weather the COVID-19 storm and emerge with economic […]

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