Enrico Colombatto

Since the end of World War II, the United States dollar has reigned as the global currency par excellence. The 1944 Bretton Woods Agreement anchored all major currencies to the dollar, which in turn was tethered to gold. However, gold was not particularly convertible, and the ceremonial link between the dollar and gold served primarily […]

While the U.S. and the euro area appear to have avoided the worst, much depends on how central banks will react to unanticipated news in the coming months.   Inflation is still high, but under control – or so the world of business and financial markets believes. In the euro area, year-on-year consumer prices rose […]

The British public has grown disappointed with Brexit’s consequences. Given the disingenuous national debate leading up to it, the fiasco is not a big surprise. Brexit formally came into effect in February 2020, some 27 years after the United Kingdom entered the European Communities (the European Union’s predecessor) and less than four years after the […]

Despite the bipartisan standoff, Republicans and Democrats will likely come to a last-minute agreement to lift the public debt ceiling beyond the current $31.4 trillion. IN A NUTSHELL A compromise on revenue and spending is likely to emerge from talks Politicians have lost credibility because of repeated debt ceiling hikes An extended impasse threatens to […]