Tag "Bretton Woods"
Killing the Dollar: A Side-Effect of COVID and its Cures?
Since the end of World War II, the US dollar has consistently functioned as a safe harbour for investors caught by any sort of turbulence. Thus, no one was surprised by its appreciation at the height of the current pandemic, which began in April 2020. And no one will be surprised if vaccine makers’ promises to end the pandemic null all those gains. Yet, the currency’s status and reputation have been weakening since the demise of the Bretton Woods Accord in 1974 to the point that, as a side-effect, COVID and its cures may be lethal for the dollar’s international dominance.
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.
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
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
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
