Financial Frameworks and Geopolitical Impacts

This chapter explores the differences between SOFR and LIBOR, focusing on the Federal Reserve's tools for managing international dollar flows and credit markets. It discusses the impact of Basel III on U.S. institutions, the evolving global financial landscape, and the implications of geopolitical tensions, particularly regarding Ukraine. The dialogue highlights the U.S. dollar's prominence and the ongoing challenges faced by the United States as it navigates shifting global economic dynamics.