Discover and read the best of Twitter Threads about #cryptosystem
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What future for international monetary system & financial globalization post #COVID19?
@ArminHaas3 @JoeRini6 & I developed 4 scenarios. Out now in JOIE
Factors: Will @federalreserve swap lines hold in crisis? Will G-20 states cooperate or compete?
cambridge.org/core/journals/…
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@ArminHaas3 @JoeRini6 & I developed 4 scenarios. Out now in JOIE
Factors: Will @federalreserve swap lines hold in crisis? Will G-20 states cooperate or compete?
cambridge.org/core/journals/…
1/n
Today’s IMS is “Offshore US-Dollar System”, composed of “monetary areas”. It is global & hierarchical. The USD monetary area is in apex. Monetary areas with unlimited USD swap lines are 1st layer periphery. More layers to follow below, here BRICS
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Core features of Offshore USD System: offshore creation of key currencies (esp USD @i_aldasoro), shadow money creation in main areas (@danielagabor @morganricks)
We have developed a visual conceptual framework to go beyond triple coincidence
@StefanAvdjiev @HyungSongShin
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We have developed a visual conceptual framework to go beyond triple coincidence
@StefanAvdjiev @HyungSongShin
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