BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 15.1//EN BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:20251102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Eastern Standard Time TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:20250301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Eastern Daylight Time TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:The Moynihan Institute and the Study of Global Politics series presents Nicholas Mulder from Cornell University.In February\n2022\, Weste rn countries responded to Putin’s invasion of Ukraine by\nimmobilizing $30 0 billion in Russian reserves and foreign assets—in real terms\,\nthe larg est asset freeze in more than a century. But where did this policy tool\na nd its power come from? This talk traces the history of the asset freeze b ack\nto its origins in the interwar era and the period of sterling hegemon y\, shows\nhow sterling and dollar asset freezes influenced and helped bre ak the global\nfinancial order under Bretton Woods\, and uncovers how the oil crises drove\nde-dollarization in the 1970s and 1980s. It argues that asset freezing has\nnever been an obvious or uncontested use of reserve cu rrency privilege and has\nhad unpredictable effects.Nicholas Mulder\, an a ssistant professor and Milstein Faculty Fellow at Cornell University\, spe cializes in modern European\, political and economic history. His acclaime d book\, “The Economic Weapon” (2022)\, explores the interwar rise of sanc tions and their profound impact on global relations. Mulder’s forthcoming book\, “The Age of Confiscation\,” examines property seizures across pivot al historical shifts. He has published extensively on European and interna tional affairs in leading outlets such as The Economist\, The New York Tim es\, and Foreign Affairs. He also mentors Ph.D. projects on international history\, with a focus on political economy and war. DTEND:20241108T183000Z DTSTAMP:20260512T230350Z DTSTART:20241108T170000Z LOCATION: SEQUENCE:0 SUMMARY:Nicholas Mulder - Reserve Risk: The History of the Asset Freeze\, 1 939-2000 UID:RFCALITEM639142094308309875 X-ALT-DESC;FMTTYPE=text/html:

The Moynihan Institute and the Study of Glo bal Politics series presents Nicholas Mulder from Cornell University.

< p>In February\n2022\, Western countries responded to Putin’s invasion of U kraine by\nimmobilizing $300 billion in Russian reserves and foreign asset s—in real terms\,\nthe largest asset freeze in more than a century. But wh ere did this policy tool\nand its power come from?

This talk traces the history of the asset freeze back\nto its origins in the interwar era and the period of sterling hegemony\, shows\nhow sterling and dollar asset freezes influenced and helped break the global\nfinancial order under Bre tton Woods\, and uncovers how the oil crises drove\nde-dollarization in th e 1970s and 1980s. It argues that asset freezing has\nnever been an obviou s or uncontested use of reserve currency privilege and has\nhad unpredicta ble effects.

Nicholas Mulder\, an assistant professor and Milstein F aculty Fellow at Cornell University\, specializes in modern European\, pol itical and economic history. His acclaimed book\, “The Economic Weapon” (2 022)\, explores the interwar rise of sanctions and their profound impact o n global relations. Mulder’s forthcoming book\, “The Age of Confiscation\, ” examines property seizures across pivotal historical shifts.

He h as published extensively on European and international affairs in leading outlets such as The Economist\, The New York Times\, and Foreign Affairs. He also mentors Ph.D. projects on international history\, with a focus on political economy and war.

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