Last Chance to Save the Euro?
The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.
Read more...The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.
Read more...How hidden foreign exchange swaps contribute to financial fragility.
Read more...Identifying likely economic road kill from the coronavirus outbreak.
Read more...Michael Husdon reviews the key themes of his recent book, ……and Forgive Them Their Debts, and discusses German austerity.
Read more...If you are worried about repo, you are worried about the wrong thing. If anything, it’s a symptom of too much liquidity demand from the FX swaps market.
Read more...Libra is going nowhere fast.
Read more...Why exorbitant privilege may not necessarily result from having the reserve currency, but instead from the tax games multinationals play.
Read more...Quelle surprise! Facebook’s touted Libra partners are getting cold feet.
Read more...Mark Carney talks about digital soverign currencies. But is he really describing nationalization? And if so, whither the commercial banks?
Read more...The article assesses the information as yet made available about Libra, including the implications for its exchangeability, scalability, privacy, and security. It is clear the design of the currency is yet to be finished, and many questions remain about its governance and structure.
Read more...Markets are in a tizzy over the US-China trade row. But what might come next?
Read more...How the US has used its economic muscle to defend its hegemony and the rest of the world is looking to claw power back.
Read more...Turns out Trump was not all wrong in saying the dollar was overpriced.
Read more...Michael Hudson on how the US was able to turn its change from creditor to debtor to its advantage.
Read more...Bill Black discusses Feacebook’s new proposed crypto-currency, called “Libra.” Facebook could use this technology to standardize identity and create a world of ultimate surveillance, and then profit from it.
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