History offers warning on dollar and deficits
Peer-Reviewed Publication
Updates every hour. Last Updated: 15-Jan-2026 14:11 ET (15-Jan-2026 19:11 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.
A new study by IIASA researchers offers a pioneering way to understand how climate change affects people’s lives over the long term. Using a global model and the Years of Good Life (YoGL) metric, the research shows that today’s emissions shape future wellbeing, especially for younger generations.
Swansea experts have carried out the largest ever comparison of wellbeing-focused interventions delivered to adults. They reviewed 183 randomized controlled trials, representing almost 23,000 participants, looking at different interventions and concluded that that a range of interventions can work depending on the individual’s needs.
Even when they perform equally well in elementary school, children from less privileged families in Germany are less likely to enter the high track in secondary school. A study by the ECONtribute Cluster of Excellence at the Universities of Bonn and Cologne shows that mentoring programmes can reduce this gap.