Will Stablecoins Preserve Dollar Dominance? Barry Eichengreen thinks the argument that they will rests on a slew of shaky assumptions and leaves key questions unanswered.

www.project-syndicate.org/commentary/w...

Big, rich countries have rarely repaid debt with surpluses Since 1913, even default has been more common

www.economist.com/special-repo...

www.economist.com/special-repo...

Adam Schefter on X: "Has to be seen to be believed: https://t.co/R9I4NwI5hy" / X Has to be seen to be believed: https://t.co/R9I4NwI5hy

I speak to "The Disciplined Investor Podcast" x.com/AdamSchefter...

www.centralbanking.com/central-bank...

Out now in "The Economist's Voice"

C'est la rentree:

globalcurrenciesdatabase.com/latest-news/

Could the U.S. Dollar Lose Its Dominance? It Did Once Before The U.S. currency’s rise and fall from prominence in the early 20th century offers lessons for today’s political leaders.

"Could the Dollar Lose its Dominance? It Did Once Before" -- in the _Wall Street Journal_ online; in the paper soon. www.wsj.com/finance/curr...

Talking With Barry Eichengreen Crises, the dollar and more

Talking with Paul Krugman: paulkrugman.substack.com/p/talking-wi...

I talk to _The Economist's_ "Money Talks" podcast (hat tip to Henry Curr) www.economist.com/audio/podcas...

"China's Consuming Problem" imap://eichengr%40econ.berkeley.edu@imap.gmail.com:993/fetch%3EUID%3E/INBOX%3E398496?part=1.2&filename=2025%EB%85%84%208%EC%9B%94%2028%EC%9D%BC%28%EB%AA%A9%29%2015%ED%8C%90%20Barry%20Eichengreen.pdf&type=application/pdf

An appropriate time to re-up the introductory paras from this recent paper: papers.ssrn.com/sol3/papers....

Mindless: The Human Condition in the Age of Artificial Intelligence Skidelsky’s erudite and thought-provoking book tackles a dominant issue of the day, and indeed of the last two centuries.

www.foreignaffairs.com/reviews/mind...

False Dawn: The New Deal and the Promise of Recovery, 1933–1947 Selgin challenges the hypothesis that New Deal policies helped stimulate recovery from the Depression.

www.foreignaffairs.com/reviews/fals...

Geopolitics, Trade Blocks, and the Fragmentation of World Commerce Dadush carefully analyzes the underlying drivers and consequences of near-shoring, friend shoring, decoupling, and fragmentation.

www.foreignaffairs.com/reviews/geop...

The Latecomer’s Rise: Policy Banks and the Globalization of China’s Development Finance According to Chen, China can reduce tensions over lending by more clearly distinguishing policy and commercial lending.

www.foreignaffairs.com/reviews/late...

"80 Years Since the End of the War: Collapse of the Western Order"

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Now available under forthcoming papers: www.eeassoc.org/journal/cult...

Is tihs not the best kind of good news? It means whomever Trump appoints at the next Fed chair, other FOMC members will have precedents for their dissents.

VoxEU: "Central Bank Independence Meets Blockchain Prediction Markets" cepr.org/voxeu/column...

www.ecb.europa.eu/pub/pdf/scpw...

New paper: "Central Bank Independence and Risk Taking at the Zero Lower Bound" (with Bartels, Schumacher and Weder di Mauro): www.ecb.europa.eu/pub/pdf/scpw...

Online, in Expresso (Portugal) expresso.pt/economia

"What could possibly go wrong?"

Die Alternativen zur Leitwährung Dollar | Der Pragmaticus Dank Donald Trump ist das Vertrauen der Finanzwelt in die Leitwährung Dollar erschüttert. Schlägt jetzt die Stunde des Euro?

www.derpragmaticus.com/r/leitwaehru...