Policy brief: The future of the dollar
Tutorials/exercises - 2 pages - International economy
Economic sanctions have frozen a large part of Russia's $630 billion in foreign reserves. Cutting Russia out of the global financial system raises questions about the future of the dollar as the reserve currency. Russia will likely strengthen its relations with China and could increasingly...
Climate Change Economics: The Social Cost of Carbon discount rate
Tutorials/exercises - 2 pages - International economy
The Social Cost of Carbon (SCC) is the monetary value that society should be willing to pay in the present to avoid damage caused by incremental CO2 emissions in the future (Price, Thornton, and Nelson 2007). It is, therefore, an important standard for the formulation of climate policy. The SCC...
The New Order in Global Economy and Finance: from the Bretton Wood system to the successive waves of globalization
Tutorials/exercises - 2 pages - International economy
Following the Second World War, all countries pegged their currencies to the dollar, the United States pegged to gold. The dollar was the only currency that could be exchanged for gold. The United States was at the center of the system as the dollar was the international payment and reserve...
