The changing role of the US dollar
The U.S. dollar is the world’s dominant currency. However, amid rising geopolitical fragmentation, conflicts over international trade and finance, and...
archiveGlobal Economy & Development
Offshore ownership of American real estate is a black box. The Treasury has the power to open it.
In September of 2022, not long after Russia’s invasion of Ukraine, officials from the U.S. Department of Justice (DOJ) raided...
Should African central banks pursue digital currencies?
A Central Bank Digital Currency (CBDC) is an electronic form of a country’s official currency. They have recently become a...
The Renminbi: The Political Economy of a Currency
The Chinese currency, or renminbi (RMB), has been a contentious issue for the past several years. Most recently, members of...
The brutal truth about Bitcoin
Bitcoin, the original cryptocurrency, has been on a wild ride since its creation in 2009. Earlier this year, the price of one...
Cash will soon be obsolete. Will America be ready?
When was the last time you made a payment with dollar bills? Some people still prefer to use cash, perhaps...
Five myths about cryptocurrency | Brookings
Bitcoin, the original cryptocurrency, was launched in 2009. Today, there are thousands of cryptocurrencies with a total value of about $2 trillion....
