Deglobalisation

This article is the second in a series of articles on monetary policy debates in the age when deglobalisation became a buzzword. Here, we begin our discussion of the ongoing economic experiment in Turkey as an example to elaborate on these debates. In the third article, we will turn our attention to the post-2018 Turkish currency crisis phase of the experiment by focusing on macroprudential measures, capital controls and central bank independence, as promised in the first article.

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Monetary Policy Debates in the Age of Deglobalisation

Vol. 57, Issue No. 46, 12 Nov, 2022

Ahmet Öncü, T Sabri Öncü

This article is the fi rst in a series of two articles on monetary policy debates in the age in which deglobalisation is a buzzword. The ongoing monetary policy debates of the age will be discussed by focusing on macroprudential measures, capital controls and central bank independence in Part II.

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Modern Monetary Theory, Deglobalisation and the Dollar

Vol. 56, Issue No. 10, 06 Mar, 2021

Alok Sheel

The article explores the interconnections between the rise of modern monetary theory, deglobalisation and the international monetary system. It discusses the evolution of the international monetary system from Bretton Woods One to Bretton Woods Three, and how this transition is linked to globalisation, and deglobalisation, or the shifts in global imbalances. Finally, it makes an evaluation of the impact of these developments on the role played by the dollar in the international monetary system and its possible future trajectory.