Powerful pacifism and currency dominance: What 150 years of international monetary system regime switches say about the US dollar’s future
The 20th century shift from sterling to the dollar is often cited as evidence that currency dominance is not forever. This column presents a nonlinear
Loose monetary policy, dollar depreciation, and debt sustainability: Do not forget Venice
History suggests that using lax monetary policy and a weaker currency to address debt sustainability is a dangerous game. This column revisits a unique early
