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…
Philippe Waechter's blog
Dollar set to remain the reference currency for a long time yet
In a recent opinion piece, the German foreign minister Heiko Maas discussed how Europe needs to reassess its partnership with the United States, stating that the two areas have been…
Exit from the Euro Area: Uncertainties and Risks
I write a weekly column on the Forbes French website. I will now translate them into English. You can find the original column here in French. You will find below…
A Two-Speed Euro? Not a Good Idea
In an article in the Financial Times, this morning (see here), Joseph Stiglitz suggests a two-speed euro area. There are two points in this article: One is the usual bashing…
My Daily Column: Euro Area – Elements for a recovery
Every morning I record a podcast in French (see here) on a specific topic. The text below is the translation of this morning podcast. The combination of a more competitive…
In the first quarter, the Fed’s balance sheet was larger than that of the ECB
During the first quarter, the Fed’s balance sheet became larger than that of the ECB. Each balance sheet is now close to 23% of its respective nominal GDP. The chart…