Abstract
The war in Europe has not only re-drawn strategic lines and trade flows, but with complex sanctions in place, may also have a lasting impact on currency regimes. Beyond the Russia-Ukraine conflict, a different, slower but still more strategic shift is taking place in relations between the United States and China. The US is not seeking a full decoupling of trade between China and the US and its allies – there are many deep dependencies on both sides and, overall, trade continues to grow. China, on the other hand has been casting its political and economic capital into strategic alliances that include notions of a new currency regime – in parts because of the sanctions imposed by the G7 alliance. The question for this paper therefore is whether it is still a question of if de-dollarisation is happening or rather how fast.
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Articles in the same Issue
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Articles in the same Issue
- Frontmatter
- Editorial
- Editorial: Productivity Growth in the Age of AI
- Policy Papers (No Special Focus)
- Inflation and Fiscal Policy: Is There a Threshold Effect in the Fiscal Reaction Function?
- Whither the Walking Dead? The Consequences of Artificial Intelligence for Zombie Firms
- The Energy Transition and Its Macroeconomic Effects
- The Potential and Distributional Effects of CBAM Revenues as a New EU Own Resource
- Will Geopolitics Accelerate China’s Drive Towards De-Dollarization?
- The Political Economy of Academic Freedom
- Policy Forum: Productivity Growth in the Age of AI
- Macroeconomic Productivity Effects of Artificial Intelligence
- New Technologies: End of Work or Structural Change?
- The AI Revolution: A New Paradigm of Economic Order
- The Interplay of Humans, Technology, and Organizations in Realizing AI’s Productivity Promise
- How Can Artificial Intelligence Transform Asset Management?
- Is the EU’s AI Act Merely a Distraction from Europe’s Productivity Problem?
- AI in Europe – Is Regulation the Answer to Being a Laggard?