The primacy of the dollar is considered one of the pillars of American might, conferring exorbitant financial privileges and ...

Beijing is decoupling the internationalisation of the yuan as a transactional currency from the role of an unconstrained ...

As we witness the relentless rise of populist politics we need to remain vigilant about Modern Monetary Theory, which can do ...

Mortgage holders are not alone: governments and business borrowers are facing the same pressure from rising rates.

A view of the US Treasury building in Washington, the US Photo: VCG. On August 19, US federal government debt crossed an ...

The dollar’s role as the world’s primary reserve currency has allowed the United States to borrow more cheaply than other countries, an advantage that economists call the “exorbitant privilege.” ...

Jon Hartley and Barry Eichengreen discuss his background and research, the status of the US dollar as a world reserve currency, the yuan’s inability to gain traction despite China’s growth, the euro, ...

2026, Paper: "With renewed doubt about the scale, scope, and even the sign of the dollar's "exorbitant privilege," Rogoff and Tashiro revisit Japan's case, in particular, the persistent excess return ...

The next financial crisis will not look like 2008. It will end with the Federal Reserve abandoning its inflation fight and directly monetizing US government debt, according to Danielle DiMartino Booth ...

Caveat: All 9 low-buffer observations are from USDT between mid-2025 and early 2026; the result cannot rule out a USDT-specific or macroeconomic-regime factor in that window. We interpret this as ...

The Exorbitant Privilege Is Shrinking But is America Done? For the better part of eighty years, the United States has enjoyed something no other country in modern history has possessed. It could print ...