The Dollar Paradox: All Dollars Are Not Created Equal

The Dollar Paradox: All Dollars Are Not Created Equal

Are all dollars created equal? The U.S. Dollar Index (DXY), which tracks the value of the dollar relative to a trade-weighted basket of other currencies, reached a fresh 20-year high in 2022 before retreating sharply this year. However, the long-term viability of the...
LIBOR Dismantling Triggering Banking Liquidity Crisis

LIBOR Dismantling Triggering Banking Liquidity Crisis

The London Interbank Offered Rate, or LIBOR for short, is scheduled to be phased out at the end of 2021. Despite this major development that’s occurring in just over two years, LIBOR rates still serve as benchmarks for trillions of dollars in securities across the...