David Elliott, Ralf Meisenzahl and José-Luis Peydró Capital flows and credit growth are strongly correlated across countries. Macroeconomic evidence suggests that this ‘global financial cycle’ is largely driven by US monetary policy: expansionary policy by the Federal Reserve drives increases in lending globally, while contractionary Fed policy leads to a tightening of global financial conditions. … Continue reading Nonbank lenders as global shock absorbers
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Ben Norton returns to the Watchdog to shed light on the rapid decline of the U.S. dollar and its implications for American empire as countries worldwide shift away from the dollar in favor of regional currencies and China's rise challenges Washington's global dominance.
The post The Inevitable De-Dollarization of the Global Economy, with Ben Norton appeared first on MintPress News.
The more successful BRICS becomes the weaker Western hegemony over the South will grow. Though some Western politicians and media insist on downplaying BRICS’ role in shaping the new world order, the change seems to be real and irreversible.
The post The Rise of the Global South: Can BRICS Triumph Over the IMF and World Bank? appeared first on MintPress News.
On his first day in the country, the president also visited Huawei and had meetings with executives from other companies.
The post Lula Criticizes the Hegemony of the Dollar During Visit to China appeared first on scheerpost.com.