The foreign currency value of the dollar has been rising. Thenominal broad dollar index of the Federal Reserveshows the dollar has incresed by by about 9% since its low point a year ago whileother indexes register larger gains. What does this mean for the U.S. and other economies?The appreciation re

Capital Ebbs and Flows

29.11.2022

When Safe Assets Are No Longer Safe | Capital Ebbs and Flows

The U.S. has long benefitted from its ability to issue “safe assets” to the rest of the world. These usually take the form of U.S. Treasury bonds, although there was a period before the 2008-09 global financial crisis when mortgage-backed securities with Triple A ratings were also used for this purp

Capital Ebbs and Flows

29.11.2022

The Restructuring of Sovereign Debt | Capital Ebbs and Flows

The economic repercussions of Russia’s invasion of Ukraine will be devastating for many countries that have yet to recover from the pandemic. Higher prices for commodities, particularly energy and food, will increase inflation rates and widen trade deficits for those nations that import those items.

Capital Ebbs and Flows

29.11.2022

Has the Third Era of Globalization Ended? | Capital Ebbs and Flows

Behind the headlinesforecasting a global economic recessionthere is another narrative about theend of globalization. This reflects political tensions over trade, the impact of the pandemic on global supply chains and the shutdown of economic ties with Russia. But dating the beginning and end of the

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Capital Ebbs and Flows

Economy

The Rising Dollar | Capital Ebbs and Flows

When Safe Assets Are No Longer Safe | Capital Ebbs and Flows

The Restructuring of Sovereign Debt | Capital Ebbs and Flows

Has the Third Era of Globalization Ended? | Capital Ebbs and Flows

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Capital Ebbs and Flows