Spillovers from the Fed's Unconventional Monetary Policies (UMPs) have disabled EM central banks to manage rate policies to stem off valuation effects on their currency's exchange rates and equities. The failures of the standard policies have prompted in the economics debate the need of crafting...

The dollar's dominance in global finance and its cross-border political power confer on the United States control over directing, gating, and influencing capital flows.These holds derive from the U.S.'s overwhelming metrics, in any sector of the economy, but also from its far-reaching...