Throughout 2025, our readers mostly focused on the structural transformation of global finance through two interconnected lenses: the erosion of dollar hegemony amid great power competition and the disruptive potential of technological innovation in payment and settlement infrastructure. Beyond the top 10, other popular posts reflected a deeper concern: understanding how geopolitical realignment impacts trade, transmits through monetary policy channels, and reshapes domestic economies.
- Kaput
By: Wolfgang Münchau – Eurointelligence
(February 20, 2025) - Made in China – When US-China Interests Converged to Transform Global Trade
By: Elizabeth O’Brien Ingleson – London School of Economics
(March 24, 2025) - Are stablecoins really the future of payments?
By: Stephen G. Cecchetti, Kermit L. Schoenholtz – Brandeis University, New York University
(August 18, 2025) - EU Banking Sector & Competitiveness
Authors: Juan Mejino-López, Nicolas Véron
From: Bruegel
(July 28, 2025) - Miran, we’re not in Triffin land anymore
By: Michael Bordo, Robert N McCauley – Rutgers University, Boston University
(April 7, 2025) - Large Language Models: An Applied Econometric Framework
Authors: Jens Ludwig, Sendhil Mullainathan, Ashesh Rambachan
From: University of Chicago, MIT
(March 18, 2025) - Interview with Robert Barro: Empirical Macroeconomics
By: Timothy Taylor – Journal of Economic Perspectives
(May 14, 2025) - Topography of the FX Derivatives Market: A View from London
Authors: Sinem Hacıoğlu-Hoke, Daniel Ostry, Hélène Rey, Adrien Rousset Planat, Vania Stavrakeva, Jenny Tang
From: Federal Reserve Board, Bank of England, London Business School, Federal Reserve Bank of Boston
(October 29, 2025) - International Currency Competition
Authors: Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger
From: Yale School of Management, Columbia University, Harvard University
(November 13, 2025) - Monetary Policy Transmission Through Adjustable-Rate Mortgages in the Euro Area
Authors: Giovanni Sciacovelli
From: Northwestern University
(September 2, 2025)
