This is the third in my on-going series that seeks to track broad developments in the World Economy Now. Previous installments were #1 May 2025: Putting Trump's trade tantrum in its place #2 June 2025: Whither China In this installment I read the Annual Economic Report of the Bank of International Settlements (BIS) produced by the wonderful research team at the BIS headed by Hyun Song Shin. Their research allows us to chart how the global financial system and financial flows have changed since the 2008 financial crisis and what implications this has for the functioning of the dollar system.
Their research allows us to chart how the global financial system and financial flows have changed since the 2008 financial crisis and what implications this has for the functioning of the dollar system.