Publications
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The Internationalization of the Renminbi and the Rise of a Multipolar Currency System
The dollar’s steady depreciation has had little impact on the official reserves of central banks. As scholars of the international monetary system...
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Money Mischief in the Eurozone: Reforming the European Monetary Union
The European Central Bank has been a source of monetary disorder in the Eurozone. It was complicit in creating a huge asset bubble and growing...
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The Renminibi on the Internationalization Trail
The rise of the renminbi (RMB) as a key currency in international financial markets has been fast. It reflects China’s general expansion in the...
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High Noon in Europe’s Financial Regulatory Agenda
“Is the chicken now coming home to rooster?”, asked a senior bank executive at a recent conference on European bank regulations. After four years...
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Is the Renminbi Undervalued? The Myths of China’s Trade Surplus and Global Imbalances
Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange reserves, influential US...