The writer is an assistant professor at Brown University and the author of the forthcoming book ‘Bankers’ Trust’ on central bank co-operation in crises
The erosion of trust in the US among its traditional partners is growing as turmoil in normally stable policy areas such as trade and security deepens.
As the Trump administration pulls back from its long-term global commitments, concern is growing about how seriously it now takes the responsibilities that come with being the monetary hegemon in times of crisis.
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