International Finance


Go for the Jugular

Author: Sebastian Mallaby
Atlantic Monthly

In this excerpt from his new book, More Money Than God, on the history of hedge funds, Sebastian Mallaby tells the story of the break-up of Europe's Exchange Rate Mechanism in 1992 from inside of George Soros's Quantum Fund.

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The Future of the Dollar: Currency Challenges in a Globalized World

Author: Benn Steil
Harvard International Review

Benn Steil argues that the world has no attractive alternatives to the current dollar-based international monetary system, but that the dollar's days of coasting on the accomplishments of the Volcker Fed are over. The Fed must demonstrate to the world anew that the dollar is a reliable long-term store of value.

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