De-dollarization: Between Speculation and Reality

It hard to imagine what kind of world we will face in such a circumstance. Separate financial systems will lead to very transaction and coordination costs. The world economy will be divided.

Economics may be excessive. It has a dream, and maybe also pride, to try to explain various things, including issues of marriage, gossip, and others.

Gary Becker, winner of the 1992 Nobel Memorial Prize in Economic Sciences from the University of Chicago, for example, wrote "A Theory of Marriage"; Esther Duflo and Abhijit Banerjee, both winners of the Nobel Prize for economics from MIT, wrote the treatise "Using Gossips to Spread Information" (Banerjee, Chandrasekhar, Duflo, and Jackson, 2019).