Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...

After World War II, the world was promised a neutral international monetary system secured by a stable reserve currency issued by a global hegemon. But, with the US dollar being weaponized through ...

An early analysis of the imperialist implications of the surge of global commodity prices was conducted in 2014 by Jonathan Nitzan and Shimshon Bichler. However, their analysis did not consider how ...

1. The Board of Governors notes the report of the ad hoc Committee on Reform of the International Monetary System and Related Issues. 2. The Board expresses its deep appreciation to the Committee and ...