Finances

Will the AI Bubble Trigger a Financial Crisis?

Finances Hilary J. Allen - October 19, 2025.

OpenAI Co-Founder Sam Altman, Meta CEO Mark Zuckerberg, and Federal Reserve Chair Jerome Powell have joined the chorus of people talking about an AI bubble...

Will Stablecoins Preserve Dollar Dominance?

Finances Barry Eichengreen - October 14, 2025.

The US dollar is under scrutiny from investors around the world. Banks, firms, and governments that rely on it as an international means of payment...

What lies behind the incremental rise in renminbi borrowing?

Finances Paola Subacchi - September 21, 2025.

When governments borrow on international markets, they do so overwhelmingly in US dollars. Roughly two-thirds of international debt issuance is denominated in foreign currencies, of which...

Jerome Powell has a unique opportunity to help the Fed change course

Finances Mohamed A. El-Erian - September 15, 2025.

As Jerome Powell approaches the end of his term as chair of the US Federal Reserve in May 2026, the central bank’s standing is lower...

Attacking the Federal Reserve Is Self-Defeating

Finances Simon Johnson - September 7, 2025.

Elected political leaders often express frustration with monetary policymakers. If only the central bank would lower interest rates, they reckon, businesses and households could borrow more...

Does Europe Need a Euro Stablecoin?

Finances Lucrezia Reichlin - September 3, 2025.

Europe has high hopes for the “digital euro” now in development. Cash has long served as the ultimate anchor for commercial bank deposits – direct...

Trump, the Federal Reserve and the question of independence – a legal precedent that could change the world

US Tomorrow's Affairs Staff - September 2, 2025.

At a time when the global economy is facing instability – from energy disruptions and waves of inflation to the fragmentation of global trade –...

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