Posts filed under “Digital Media”
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The U.S. dollar is still king of global currencies. The dollar made up 60.9 percent of foreign exchange reserves and was used in 42.1 percent of global payments. Some countries, though, contest how much influence the U.S. dollar really has.
The term “exorbitant privilege,” coined by former French Finance Minister and later President Valery Giscard d’Estaing, refers to the benefits the U.S. receives as a result of its currency being the chosen reserve currency of the world. The term also reflects the discomfort some nations feel toward this financial favor.
What other options does the world have? Luckily, we have a chart.
The U.S. Bureau of Economic Analysis (BEA) recently released a trove of data on the individual state economies. You can zoom in on quarterly state-level gross domestic product (GDP) series begins from 2005 through the 2013 at Macroblog of the FRBA. But I thought it might be instructive to see what the map looks like…Read More
Source: Deutsche Bank Securities Torsten Slok, chief international economist for Deutsche Bank AG, warns about the hawks on the Federal Open Market Committee getting too, well, hawkish. The flowchart above shows the different transmission mechanisms of monetary policy. Slok uses it to highlight the widening spread between investment-grade and high-yield junk bonds. If and…Read More