Maxwell School News and Commentary
Filtered by: OMFIF
McDowell Discusses How Geoeconomics Impacts Central Bank Reserve Managers in OMFIF Article
"After 9/11, the U.S. Treasury recognised that global dollar dominance gave Washington control over the critical plumbing of global finance. A new breed of financial sanctions emerged which could precisely cut individual targets—terrorists, foreign government officials, state institutions, firms—off from the dollar system. ‘Smart’ financial sanctions revolutionised economic warfare," writes Daniel McDowell, associate professor of political science.
See related: Economic Policy, Government, International Affairs, United States