The geopolitics of money

In this episode of the Sound of Economics, Paola Subacchi,
Professor of international economics and chair of the advisory
board of the Global Policy Institute at Queen Mary University of
London, and Bruegel senior scholars Alicia García-Herrero and
Michael Leigh join Giuseppe Porcaro for an age old discussion but
with a twist. 



They try to understand the geopolitical role of money, in other
words, currencies and capital flows. While unconstrained capital
flows cause afflictions of the global economy, the current debate
on currencies is in fact driven by politics rather than
economics, as Alicia argued in an opinion piece recently:
Politics, not economics, demands a strengthened international
role for the euro. What would the next US Treasury Secretary,
Janet Yellen do on the dollar?