Trade Wars – When Nash Equilibrium meets Deglobalization

Trade war – noun ­– “a situation in which countries try to damage each other’s trade, typically by the imposition of tariffs or quota restrictions.”. The US-China trade war, despite the looks of being surging now, it has already started by 2016 when Donald Trump was fighting for presidency: “Any country that devalues their currency […]

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The Future of U.S. Rate Regime: FED’ s Challenges

The Monetary Divergence The Federal Reserve, as widely expected, announced on March the 15th that it intends to raise interest rate to 0.75% to 1%, up from the 0.5% to 0.75% range set in December 2016. This is the third rate hike from the FED since the financial crisis. The Federal Open Market Committee (the FOMC, the interest rate-setting body […]

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Dollar’s Risky Supremacy

  Money has been part of the human history for a long time, at least 000 years. But what do people use as money? Why does money need to be a trustworthy store of value, an easy medium of exchange and an efficient unit of account in order to be used? In contemporary national economies, governments and central banks are […]

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