Tag "Bretton Woods"

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Asia Pacific Finance

China and the AIIB on the Belt and Road: Power sans control

The multilateral development bank remains a key instrument of China’s foreign and development policy, even with its emancipation.

Asia Pacific Economics

AIIB membership is about business, not politics

Following Beijing’s announcement on April 15th, 57 nations will become founding members of the AIIB. With around $100 billion already earmarked for the bank, many countries joined based on the opportunity

Finance International

US Decline Series: Are the dollar’s days as reserve currency numbered?

Despite speculation that the days of the US dollar as the world’s reserve currency will soon be over, a number of factors make such a changing of the guard unlikely. This

Finance International

Book Review: Currency Wars

In his 2011 book Currency Wars: The Making of the Next Global Crisis, James Rickards explains that we are in the third reincarnation of currency wars. He highlights the fact that