Daniel McDowell, associate professor of political science, authored "New era of financial sanctions: Adapting to de-dollarization," as part of the Atlantic Council report, "The US, EU, and UK need a shared approach to economic statecraft. Here’s where to start."
Talk of a BRICS common currency is “really a reflection of a desire among some segments of the world to have some counterweight to the U.S., the U.S. economy, the dollar,” says Daniel McDowell, associate professor of political science. But “I think most of this is just in fantasy land, because I don’t see any world in which it is really going to emerge in the way some people might hope.”
"Sanctions: Greater Congressional Oversight Needed for Costly, Ineffective "Go-To" Policy," co-authored by Kristen Patel, Donald P. and Margaret Curry Gregg Professor of Practice in Korean and East Asian Affairs, was published in the Syracuse Law Review.
"After 9/11, the U.S. Treasury recognised that global dollar dominance gave Washington control over the critical plumbing of global finance. A new breed of financial sanctions emerged which could precisely cut individual targets—terrorists, foreign government officials, state institutions, firms—off from the dollar system. ‘Smart’ financial sanctions revolutionised economic warfare," writes Daniel McDowell, associate professor of political science.
“Because the consequences are so dire, this high-stakes game of debt-limit chicken always ends the same way: Congress raises the borrowing cap just before calamity strikes. The theater does little more than waste money and generate a lot of breathless commentary,” Leonard Burman, professor emeritus of public administration and international affairs, wrote in a 2021 analysis.
“To me, de-dollarization just means a government’s ability to reduce its dependence or reliance on the dollar,” says Daniel McDowell, associate professor of political science. “I think the key thing here is to try to distinguish or separate the concept of de-dollarization from the end of dollar dominance. I don’t think those two things have to go together.”
Alfonso Flores-Lagunes, Hugo Jales, Judith Liu, Norbert Wilson
"Moving policies toward racial and ethnic equality: The case of the supplemental nutrition assistance program," co-authored by economists Alfonso Flores-Lagunes and Hugo Jales, was published in the American Journal of Agricultural Economics.