Sterling drops as inflation cements BoE cut expectations, dollar up before US inflation
British consumer price inflation fell to 3.2% in November, its lowest since March, from 3.6% in October, official figures showed. Sterling fell on Wednesday after
Dollar stable even with US rate cuts in focus, yen vigil continues
Rate-cut wagers ramp up after dovish comments from policymakers. The U.S. dollar was steady on Tuesday even as investors deliberated over the chances of a
Geopolitical tensions and international financial fragmentation: The 28th Geneva Report on the World Economy
Rising geopolitical tensions now threaten the rules-based world order that has governed the functioning of the international monetary system since WWII with risks of geoeconomic
Ripples presaging a financial tsunami
Loss of confidence in the US dollar’s reserve currency status could trigger a collapse of the US Treasury market and international financial fragmentation. This column
The trade imbalance network and currency fluctuations
In recent years, concerns over global financial fragmentation have grown amid rising geopolitical tensions. This column integrates a network structure in a multi-country model with
Managing credit in dollarised economies: The effective but asymmetric effects of foreign currency reserve requirements
Emerging markets with partially dollarised financial systems are particularly vulnerable to global financial cycles. This column examines how reserve requirements on foreign currency deposits can
Monetary policy spillovers in the global economy
Over and over in the history of the international monetary system, national policymakers have pointed to – and voiced concerns about – the effects of
