What about the lender of last resort?
The conflict between Israel and Iran is not having the expected effects. While the price of oil has risen, it hasn’t gone beyond its level at the beginning of the…
Philippe Waechter's blog
Will the dollar depreciate?
The dollar is structurally overvalued given its external deficit. In any economy, such a deficit would have resulted in a sharp and lasting depreciation of its currency. This is not…
What currencies in tomorrow’s world ?
The world that is emerging will not resemble the one collectively constructed until now. This integrated world had transparent borders and has lived.In this world, the dollar reigns because it…