Will the Chinese renminbi supplant the US dollar?
- Date: 14/06/2023
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- Andrew Bloomfield
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….
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A Century of Inflation
- Date: 03/10/2022
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- Lucas Frauenlob
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,….
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Reshoring in Perspective: Rethinking Global Supply Chains and the Macroeconomic Implications
- Date: 23/09/2022
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- Andrew Bloomfield, Emman Raja
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,….
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US-Japan Inflation and Rates Policy: Why So Different?
- Date: 22/09/2022
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- Canberk Yalcin
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….
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