Fifty years ago this August, President Richard Nixon ended the era when the dollar was firmly anchored to gold at a fixed price, auguring a new era of floating exchange rates. So, why does the greenback continue to reign over the international monetary and financial system?
dissects two recent books on the international monetary system since the US abandoned the gold standard in 1971.
Global BookmarkJun 11, 2021Barry Eichengreen
dissects two recent books on the international monetary system since the US abandoned the gold standard in 1971.
Global BookmarkMay 28, 2021William H. Janeway
reviews two recent books with very different approaches to understanding how new technologies emerge and grow.
Insider InterviewMay 21, 2021Margrethe Vestager interviewed by Anu Bradford
on the thinking behind the European Union's latest wave of digital regulations, and what comes next.
Long ReadsMay 6, 2021Joseph E. Stiglitz & Lori Wallach
dismantle Big Pharma's arguments against waiving intellectual property rights to boost global vaccine production.
Long ReadsApr 16, 2021Wolfgang Schäuble
worries that monetization of pandemic-related government borrowing will boost inflation and erode competitiveness.
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In 2020, the COVID-19 pandemic accelerated a process of deglobalization that was already underway, exposed deep disparities in the quality of governance around the world, and cast a shadow of anxiety across all societies. Even more ominously, recovering from the crisis will require a political stability, policy coherence, and international cooperation on a scale not witnessed in years.
