- European importers currently pay for oil in dollars, but energy trading in more than one currency used to be commonplace, according to Bruegel’s Elina Ribakova.
- She argues that a return to the days of multiple trading currencies could yield multiple benefits — and please Russia, which naturally would like to “de-dollarise” trade.
Related Articles
The Jones Act: An Important Capability We Must Protect
By Cdr. Rich Kavanaugh (Ret), former Chief of Regional Affairs, Office of International Affairs at U.S. Coast Guard During World War II, the U.S. Merchant Fleet consisted of 4,221 ships and there were 221 shipyards operating in the U.S. This capability allowed for the largest movement of war materials in the history of […]
How South Korea, Taiwan leveraged tech to contain COVID-19… and win FDI
By Frank Bickenbach and Wan-Hsin Liu, courtesy of IFW Kiel In the coronavirus crisis, Taiwan and South Korea have shown that they dispose of efficient governance systems, high-quality research and public services and highly developed digital skills and infrastructures, and that they can successfully use these capacities to meet challenges. These capacities are among […]
School reopenings didn’t cause COVID spike in Germany
Courtesy of IZA School closures have been among the most common non-pharmaceutical interventions to slow down the spread of the novel coronavirus. According to UNESCO estimates over 60% of the world’s student population have been affected. Experts estimate the economic and social costs of school closures to reach up to US$ 15 trillion of […]