How the US Dollar Became an International Wea...

Insurers have quietly become a major driver of the private credit boom, with numerous private equity shops striking deals with insurance companies or buying them outright. But the entanglement with private credit is also changing the insurance industry itself, raising a number of ...  Show more

After the Iranian Revolution of 1979, the country's new leaders — religious and political — promised to redistribute the country's wealth and made moves to make Iran independent from western influence and business interests. In the decades since, Iran's economy completely transfo ...  Show more

Send us a textThe sanctions on Russia’s central bank use the reserve currency status of the US dollar to punish an American adversary. Will the US dollar lose its exorbitant privilege? What currency might replace the US Dollar as a reserve currency?Patrick's Books:Statistics For ...  Show more

The U.S. and its allies have frozen the Central Bank of Russia’s foreign currency reserves, leading to questions about the safety of FX assets more broadly and the centrality of the U.S. dollar to the international financial system.

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Gideon talks to Wally Adeyemo, US deputy Treasury Secretary, about the power of US financial sanctions to punish autocrats and dictators and curb terrorism. What exactly are these sanctions designed to do and how effective are they? Clip: PBS

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The US hopes the threat of sanctions will dissuade Russia from invading Ukraine. Historian Nicholas Mulder explains the surprising history of economic penalties as a weapon of war. This episode was produced by Amina Al-Sadi, edited by Matt Collette and Sean Rameswaram, engineered ...  Show more