Macro Musings with David Beckworth cover image

Matteo Maggiori and Jesse Schreger on Geoeconomics and its Policy Implications

Macro Musings with David Beckworth

CHAPTER

US Financial Sanctions and the International Backlash Against the Dollar

This chapter explores the implications of US financial sanctions on the international dollar payment system and whether the US is overusing sanctions. It also delves into the role of the dollar as the safe asset provider and discusses alternatives like the Chinese renminbi.

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