Zoltan Pozsar, a prominent financial strategist, has argued that geopolitical conflict is driving the world to a multipolar monetary system where the dollar, alternative fiat currencies, and commodities will all be important. Pozsar sees gold and a variety of other commodities anchoring the yuan and ...
Paul McCulley and Zoltan Pozsar:Does Central Bank Independence Frustrate the Optimal Fiscal-Monetary Policy Mix in a Liquidity Trap?: "[T]he role of an independent central bank is different in inflationary and deflationary environments. In the fa...
Pozsar, ZoltanMcCulley, P. and Pozsar, Z., 2012. Does central bank independence frustrate the optimal fiscal-monetary policy mix in a liquidity trap? Global Interdependence Center, 26 March.“Does Central Bank Independence Frustrate the Optimal Fiscal-Monetary Policy Mix in a Liquidity ...
Pozsar, Zoltan 2015, "A Macro View of Shadow Banking: Levered Betas and Wholesale Funding in the Context of Secular Stagnation," mimeo, http://ftalphaville.ft.com/files/2015/07/Pozsar-A-Macro-View-of-Shadow-Banking- Levered-Betas-and-Wholesale-Funding-in-the-Context-of-Secular-Stagnation....