Matteo Maggiori on the Global Capital Allocation Project, Exorbitant Privilege, and Dollar Runs
Macro Musings with David Beckworth
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How Did You Get Started Working With Emmanuel Fary?
Ricardo rice: The monetary system was really an agreement on trying to generate safe assets, the idea that risky assets are abundant at all in the world. But it's obvious that if their monetary their safety depends on the future behavior of the issure. And so this was an old conception of what the monetary system is that was very prevalent in the 19 twenties and in the early fifties. O cam mete, so we'll have to wait and see what happens to the ro zone, whether it becomes a viable contender moving forward to the dollar as a major reserve currency.
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