In 1971, US President Richard Nixon shocked the global financial system by ending the dollar’s convertibility into gold, dissolving the Bretton Woods order and introducing a new era of floating exchange rates. Treasury Secretary John Connally, with striking candor, declared: “The dollar is our currency, but it’s your problem.” This phrase has echoed through decades… Continue reading Our Dollar, Your Problem: Market Stress, Exchange Rate Feedback and the Fiscal Reckoning Ahead The po...| Fair Observer
Roger Vicquéry and Kevin Hjortshøj O’Rourke While the collapse of the Bretton Woods system in 1973 has traditionally been seen as heralding a major shift towards floating exchange rates, the extent…| Bank Underground
Briefing note for the 2025 Spring Meetings of the World Bank and International Monetary Fund From Climate Civics and the Climate Value Exchange What are we doing? 2025 has been so far a time of dee…| Climate Value Exchange
Briefing note for the 2025 Spring Meetings of the World Bank and International Monetary Fund From Climate Civics and the Climate Value Exchange What are we doing? 2025 has been so fa…| Climate Civics
For the past 20 years that I have been investing in the stock market, I’ve learned from numerous finance books and blogs that the best way to grow and| Alain Guillot
