27 - Claudio Borio on Financial Stability, the Triffin Dilemma, and International Monetary Policy
Macro Musings with David Beckworth
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The Fed Is Getting a Global Manting
There's almost ten ntrillion dollars an dollar denominated debt that's issued and used outside the us. And i think we see the am the effect of that this year. The U.S. has a domestic mandate, but they have a global reach,. I mean that is cily have te one of the concerns e people have about the globel an tente. It may be domestic conditions warrant it, but there's this global fall out.
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