"We document a decline in the dollar share of international reserves since the turn of the century. This decline reflects active portfolio diversification by central bank reserve managers; it is not a byproduct of changes in exchange rates and interest rates, of reserve accumulation by a small handful of central banks with large and distinctive … Continue reading The Stealth Erosion of Dollar Dominance
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Morumbi and Paraisópolis: A Four-Act Play
"In my short play, I focus on the psychological reasons that lead to the creation of walled communities and the effects they cause on the communities. I especially tried to convey an idea that the original article did not elaborate on: although the fortified enclaves are segregated from the lower-class communities, their operation and function … Continue reading Morumbi and Paraisópolis: A Four-Act Play
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