In the News: Daniel McDowell
McDowell Contributes Chapter to Gates Forum Report on Economic Statecraft
“The Sources of American Financial Power and its Challengers,” written by Daniel McDowell, Maxwell Advisory Board Professor of International Affairs, was presented at the third annual forum, hosted by the Gates Global Policy Center in partnership with William & Mary’s Global Research Institute.
See related: Economic Policy, Federal, International Affairs, Trade, U.S. Foreign Policy, United States
McDowell Discusses Trump’s Plans to Maintain Dollar Dominance in BBC, Bloomberg, Wash Post Articles
“The idea that you’d use political coercion to bind countries, or bind market actors within countries, to use the currency is not how the dollar ascended to this place in the first place,” says Daniel McDowell, professor of political science. “If that’s what’s needed to maintain dollar dominance, that shows there’s a real fundamental problem with the economic appeal.”
See related: Federal, International Affairs, Taxation, Trade, U.S. Foreign Policy, United States
The Impact of Inflation on Support for Kamala Harris in the 2024 Presidential Election
“The Impact of Inflation on Support for Kamala Harris in the 2024 Presidential Election,” co-authored by Professor of Political Science Daniel McDowell, was published in SSRN.
See related: Economic Policy, U.S. Elections, United States
Race, Representation, and the Legitimacy of International Organizations
Daniel McDowell and co-author explore whether the representation of Black people in international organization leadership positions influences perceptions of legitimacy among Black and white individuals. Published in International Organization.
McDowell Explains How US Sanctions Boost China’s Cross-Border Currency Use in The Diplomat Article
“By growing the use of the RMB in cross-border trade settlement directly between China and Russia, U.S. financial sanctions cut targeted actors off from using the dollar system, which forces targets into alternative currencies that are exchanged outside of the U.S. financial system,” says Daniel McDowell, professor of political science.
See related: China, Economic Policy, Government, U.S. Foreign Policy
Patel and McDowell Discuss Trump’s Plan to Impose Tariffs on Countries That Start Wars in The Hill
“The cost to the private sector is quite high,” says Kristen Patel, professor of practice of policy studies. “Former President Trump has not coherently explained how tariffs would benefit us, companies and consumers.” Daniel McDowell, professor of political science, says, “The idea of using tariffs to deter countries from invading other countries, it’s pretty out there.”
See related: China, Government, International Affairs, Taxation, Trade, U.S. Foreign Policy, U.S. National Security, United States
McDowell Weighs In on China’s International Use of Renminbi in Financial Times Article
“I think it’s very unlikely that we’ll see China’s trade with the United States, with the European Union, moving into Chinese currency,” says Daniel McDowell, professor of political science.
See related: China, Economic Policy, Government, International Affairs, Trade
Maxwell School 2024-25 Faculty Promotions Include Four Tenure Appointments
Edwin Ackerman, Marc Garcia, Timur Hammond and Alex Rothenberg have been promoted to associate professor.
See related: Promotions & Appointments
Black Representation and the Popular Legitimacy of the Federal Reserve
“Black representation and the popular legitimacy of the Federal Reserve,” co-authored by Professor of Political Science Daniel McDowell, was published in the European Journal of Political Economy.
See related: Black, Economic Policy, United States
Developing-Country Representation and Public Attitudes toward International Organizations
McDowell Discusses Sanctions Circumvention on The Sanctions Age Podcast
“De-dollarization is sort of a hedging exercise. It's preparing for that potential instance of sanctions in the future or adapting to the current sanctions that you're facing but it is real, it's happening and it does have important implications for the U.S. and for the world,” says Daniel McDowell, associate professor of political science.
See related: China, Economic Policy, International Affairs, Russia, United States
McDowell Quoted in Business Insider Article on Russian Central Bank Governor Elvira Nabiullina
"Nabiullina has been very effective at stabilizing the Russian economy, despite the enormous economic pressure from sanctions," says Daniel McDowell, associate professor of political science.
See related: Economic Policy, Government, International Affairs, Russia
McDowell Contributes to Inkstick Piece on the United States’ Geoeconomic Strategy
"Yes, de-dollarization is real, and it is happening. No, this does not mean that the dollar’s days are numbered," says Daniel McDowell, associate professor of political science.
See related: Economic Policy, International Affairs, United States
McDowell Contributes to Wilson Center Report on China’s Foreign Economic Policy
In his essay, the Maxwell School political scientist contends that Chinese bank expansion abroad may weaken Washington’s ability to leverage financial sanctions.
See related: China, Economic Policy, Foreign Policy, Global Governance
McDowell Contributes Chapter to Atlantic Council Report on Economic Statecraft
Daniel McDowell, associate professor of political science, authored "New era of financial sanctions: Adapting to de-dollarization," as part of the Atlantic Council report, "The US, EU, and UK need a shared approach to economic statecraft. Here’s where to start."
See related: Economic Policy, Europe, Global Governance, International Affairs, United States
McDowell Discusses BRICS, the Dollar and Risks to US Global Power in Financial Times, Foreign Policy
Talk of a BRICS common currency is “really a reflection of a desire among some segments of the world to have some counterweight to the U.S., the U.S. economy, the dollar,” says Daniel McDowell, associate professor of political science. But “I think most of this is just in fantasy land, because I don’t see any world in which it is really going to emerge in the way some people might hope.”
Daniel McDowell Testifies Before Congressional Subcommittee, Joins Atlantic Council
The Maxwell School associate professor of political science has been sought for the expertise he shared in his recent book, ‘Bucking the Buck.’
See related: Economic Policy, International Affairs, Promotions & Appointments
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
McDowell Weighs In on Washington’s Weaponization of the US Dollar in Bloomberg Article
To ensure long-term efficacy, sanctions are often better left as a threat and not actually carried out, says Daniel McDowell, associate professor of political science.
See related: Economic Policy, International Affairs, United States
McDowell Quoted in DW Article on the Decline of the Dollar’s Dominance in the Middle East
"Statements are easy, action is more difficult," says Daniel McDowell, associate professor of political science. "For oil-producing states, like Saudi Arabia, these sorts of statements and agitations are also a way to get America's attention. Flirting with the Chinese may make American policymakers focus more attention on the interests of the Gulf states."
See related: Government, International Affairs, Middle East & North Africa