Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*
Macro Musings with David Beckworth
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The Role of SDNs in Cross Border Transactions
The OFAC has access records to Swift, which improves its accuracy and ability to reach in these extra territorial endeavors. Having access to Swift data lets you monitor what's happening even outside of the United States. The main cross border system for moving dollars around the world clears something like two trillion dollars a day. But Swift is involved in something like five trillion dollars aday of payments messaging.
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