History offers warning on dollar and deficits
Peer-Reviewed Publication
Updates every hour. Last Updated: 23-Jun-2026 06:16 ET (23-Jun-2026 10:16 GMT/UTC)
Last year alone, the U.S. Treasury auctioned off $28 trillion in securities. But investors may not always be so willing to take U.S. IOUs, according to new research from Mindy Xiaolan, associate professor of finance at Texas McCombs. She finds the U.S. government’s fiscal capacity — its ability to raise money — depends on the dominance of the U.S. dollar. Her research highlights potential losses U.S. government bondholders could face if another currency ever replaces the dollar as the global reserve currency.
In a world facing rising economic uncertainty and instability, look to cross-border investment activity for solid clues about what's next for economic growth and foreign exchange rates.
That's a key finding by Steven Riddiough, an associate professor of finance at the University of Toronto Scarborough and Rotman School of Management, and Huizhong Zhang from Australia's Monash University. They assessed nearly a quarter century of data on cross-border deals involving more than 40 countries and identified a predictive relationship between changes in a country's foreign investment activity and future changes in its economic growth and currency values.
In a world facing rising economic uncertainty and instability, look to cross-border investment activity for solid clues about what's next for economic growth and foreign exchange rates.
That's a key finding by Steven Riddiough, an associate professor of finance at the University of Toronto Scarborough and Rotman School of Management, and Huizhong Zhang from Australia's Monash University. They assessed nearly a quarter century of data on cross-border deals involving more than 40 countries and identified a predictive relationship between changes in a country's foreign investment activity and future changes in its economic growth and currency values.
Global corporations may hold an under-recognised key to stabilising global economies in the face of rising geopolitical tensions, according to new analysis from the University of Surrey.
For the first time, a study from researchers at Scripps Institution of Oceanography at the University of California San Diego integrates climate-related damages to the ocean into the social cost of carbon— a measure of economic harm caused by greenhouse gas emissions.
An international body of research led by UNSW academics warns progress towards gender equality at work is stalling – and in some cases going backwards – as climate change, artificial intelligence, violence and politics reshape working conditions.
Which feels further back in time: the year 2016, or 10 years ago? And which feels closer: 2036, or 10 years from now? Questions like these are key to a fascinating new UBC Sauder study that explores people’s perception of time, and how expressing it in different ways can impact consumer choices.