Martin Sandbu

French President Emmanuel Macron (left) and European Commission President Ursula Von der Leyen. Can European leaders hear the markets' scream for help in the form of an alternative asset?
THE BOTTOM LINE

Trump has created a chance for the euro to rival the dollar

European leaders need to shed their political timidity to take the necessary steps

The fact is that the eurozone is already shockingly dependent on American payment mechanisms.
THE BOTTOM LINE

The battle for the global payments system is underway

Some Europeans are looking to the next geoeconomic contest

Russian naval cadets at the Red Square. Since its invasion of Ukraine in Feb 2022, Moscow has gone on a shopping spree for soldiers, imported weapons, and has ramped up its own arms production.
THE BOTTOM LINE

There are lessons from Russia’s GDP growth – but not those Putin thinks

Moscow is exploiting a possibility that liberal market democracies ignore

Former United States Federal Reserve chair Ben Bernanke is one of three laureates of the Nobel memorial prize for economic research in 2022, alongside economics professors Douglas Diamond and Philip Dybvig. The three were awarded the prize for their work on bank runs.
THE BOTTOM LINE

A Nobel for an economic model with real world application

Bernanke, Diamond and Dybvig have taught lessons about bank runs that have been absorbed since the financial crisis