Lloyd's Register
The American Club
Panama Consulate
London Shipping Law Center
Home Banking Dollar supremacy at risk, Functions of US fiscal policy

Dollar supremacy at risk, Functions of US fiscal policy

by admin
274 views

Dollar supremacy at risk, Functions of US fiscal policy

Thursday 27 August 2020 – Vo.11  Ed.35.4

Commentary: Dollar supremacy at risk

By Philip Middleton in Llangattock

Empires rarely collapse overnight. Instead they tend to crumble slowly before a significant external shock applies the coup de grâce. Historians will chart the decline of the dollar as the global financial system’s currency of choice for both payment and reserve asset. They may decide that the turning point was the week in 2020 which saw the US Congress debating how to send helicopter money paper cheques in the mail to its citizens, while China announced its wide-ranging beta test of a digital fiat currency.

Read the full commentary on the website.

Meeting: Functions of US fiscal policy in a crisis

Thursday 10 September, 14:00-15:00 BST

In times of crisis, fiscal policy plays a crucial role in stabilising financial markets and helping effectively distribute resources across the economy. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins OMFIF’s Mark Sobel for a discussion on US fiscal policy, economic challenges and the long-term effects of policy decisions.

Request to attend the meeting.

 

You may also like

Leave a Comment