Will the Chinese renminbi supplant the US dollar?
- Date: 14/06/2023
Markets are no stranger to debate over US dollar hegemony, and history serves as a useful reminder that new reserve currency regimes can occur every century or two. Shifting geopolitical ideologies, the prospect of digital alternatives, and a recent cycle of dollar strength have investors once again questioning the medium-term….Find Out More
A Century of Inflation
- Date: 03/10/2022
Inflation in much of the developed world is higher than at any point in the past thirty years. Therefore, we may be able to draw valuable lessons from comparing today’s inflation with other high inflation periods in history. In this context, we examine Swiss supply-driven inflation in World War Two,….Find Out More
Reshoring in Perspective: Rethinking Global Supply Chains and the Macroeconomic Implications
- Date: 23/09/2022
Introduction The past several years has been marred by a litany of geopolitical and crisis events which has tested global supply chain resilience, highlighting the intricacy and interdependencies of international value chains. Increasingly domestically orientated policymaking has given way to the notion of “reshoring” – the return of outsourced production,….Find Out More
US-Japan Inflation and Rates Policy: Why So Different?
- Date: 22/09/2022
With thanks to Diego Cacciapuoti for research assistance Explaining the inflation and rates divergence Low and stable inflation in Japan this year (3% headline compared to 8.2% in US) has been a puzzling aspect of the Japanese economy to investors in view of its reliance on energy imports and significant….Find Out More