The Green Party is issuing a cautionary statement regarding a proposal ostensibly to finance a just and sustainable transition. Three authors have proposed a financing scheme for a Green International ...
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 ...
Dollar dominance—the outsized role of the US dollar in the world economy—has been brought into focus recently as the robustness of the US economy, tighter monetary policy and heightened geopolitical ...
The rapid advent of digital money (DM) and assets raises questions about its implications for the functioning of the international monetary system (IMS). The low transaction costs of digital ...
Bank for International Settlements (BIS) Unveils New Vision for Global Monetary and Financial System
The Bank for International Settlements (BIS) unveiled a new vision for the future of the global monetary and financial system, centered on a tokenized unified ledger. This innovative framework aims to ...
Sri Lanka, Oct. 31 -- Chinese Envoy in Colombo, Qi Zhenhong, said on Wednesday that the dollar-centric system has revealed its structural contradictions, including imbalances in liquidity provision ...
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