Crypto assets shouldn’t be the mainstay of the future monetary system, a group representing the world’s top central banks ...

Marvin Barth says pegged cryptocurrencies could effectively create “narrow banking”: a long-held dream of economists looking ...

That system—the internationally agreed basis for exchanging one currency for another—was born 24 years ago in the resort town of Bretton Woods, N.H. Imbued with a sense of wartime unity and ...

The Green Party is issuing a cautionary statement regarding a proposal ostensibly to finance a just and sustainable transition. Three authors have proposed a financing scheme for a Green International ...

Fiat money has been a reliable global financial system for decades, trusted to facilitate day-to-day transactions, purchases, and trades. But, the emergence of digital money and decentralized ...

T HE TRUMP administration has injected a level of uncertainty into the international monetary system that global investors can no longer ignore. By eroding free trade, shaking global alliances ...

Though no durable agreement was ever fully implemented to restore the Bretton Woods system, in the years that followed, the Nixon, Ford, and Carter administrations collectively established the U.S. in ...

Currency System . Bartering has limitations—primarily, each party must have something the other needs for the trade to succeed. Consider a local blacksmith who needs two loaves of bread and a ...