Do We Have a Single Kind of Dominant Reserve Currency?

Matteo Maggiori is an associate professor of economics at Stanford University and joins David on Macro Musings to talk about global capital flows, reserve currencies, and the international monetary system. Specifically, David and Matteo also discuss the details of the Global Capital Allocation Project, the US and its status as banker to the world, the possibility we could see a major run on the dollar in the near future, and more.

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Transcript for the episode can be found here.

Matteo’s Twitter: @m_maggiori

Matteo’s website: https://www.matteomaggiori.com/

Matteo’s Stanford profile: https://www.gsb.stanford.edu/faculty-research/faculty/matteo-maggiori

Related Links:

The Global Capital Allocation Project: https://www.globalcapitalallocation.com/

*The Rise of the Dollar and Fall of the Euro as International Currencies* by Matteo Maggiori, Brent Neiman, and Jesse Schreger

https://scholar.harvard.edu/files/maggiori/files/mns_pandp.pdf

*A Model of the International Monetary System* by Emmanuel Farhi and Matteo Maggiori

https://scholar.harvard.edu/files/farhi/files/ims.pdf

David’s blog: macromarketmusings.blogspot.com

David’s Twitter: @DavidBeckworth