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Euro and African Franc Better Together
The analysis of the macroeconomic costs and benefits of the experience of the African franc is much more complex than what the superficial debate in Italy in recent months suggested. The French government's decision to reduce its role will mean that the African countries will have to choose how to continue relations with the euro. The ECB could have an active role in the relations with the African ...
The Internationalization of the Chinese Currency
The net outflow of capital from China is continuing and getting worse. In recent months, according to data from the International Institute of Finance (IIF), foreign investors have sold their Chinese shares and bonds for a value equivalent to 17 billion dollars, a historic high. This sell-off, driven principally by high outgoing Chinese investments, also during the years of the pandemic, follows almost ...