North America

Cette étude est consacrée à la faillite de FTX, considérée comme la deuxième plateforme mondiale d’échanges des cryptomonnaies, derrière Binance, avant l’annonce de sa faillite en novembre 2022. Annonce qui va être un véritable coup de tonnerre, les ébranlant très sérieusement. Après avoir rappelé l’indispensable à connaitre des cryptomonnaies et de leurs plateformes d’échange, l’étude rappelle l’historique d’une faillite arrivant au pire moment, avec des cours du ...

This Policy Brief examines the current banking crisis in the United States and its implications for Africa. Many studies have pointed out the main factors responsible for this crisis, including poor risk-management practices in the failed banks, the sector’s weak regulatory structure, and the failure of bank supervisors. However, a key factor that has contributed to the extent and speed of the crisis is the U.S. Federal Reserve’s (Fed) policy actions, including the elimination of re ...

The current banking crisis in the United States began with the Silicon Valley Bank (SVB) run in March 2023 and was followed by other bank failures, raising concerns about the health and stability of the financial sector. This Policy Paper traces the root causes of these bank failures and examines the U.S. monetary policy decisions during this period. These bank failures were caused by the poor risk management practices of the failed banks, the sector’s weak regulatory structure, and ...

Earlier this month, U.S. Treasury Secretary Janet Yellen told congressional leaders that the government could run out of cash as early as June 1, if the debt ceiling is not raised in time. In January, the Treasury reached the current legally established ceiling in nominal terms ($31.46 trillion). The funds currently available to make government payment flows tend to exhaust by the end of this month. According to the Treasury Department: “Failing to increase the debt limit would ha ...

La première bipolarisation a appartenu au XX° siècle et opposé États-Unis et URSS. Avec la guerre froide, elle était l'expression de la rivalité entre deux systèmes antagonistes. La seconde est née de la montée de la Chine populaire qui est entrée en compétition avec les États-Unis. Une compétition au départ économique et technologique, devenue aussi, au fil du temps, culturelle et stratégique, dans un monde interdépendant et digitalisé, mais également segmenté, complexe et incertai ...

This paper explores the impact of commodities financialization on crude oil prices and their volatility. While some commodities have been market movers for centuries, introducing others, such as oil, to the financial markets is more recent. The increase in investors' appetite for commodity investing has led to commodities’ financialization, which is often considered an amplifier of commodity price volatility. This paper focuses on the relationship between crude oil prices and the fi ...

Silicon Valley Bank (SVB), the sixteenth largest bank in the United States, experienced a bank run in early March 2023, and was closed by the U.S. Federal Deposit Insurance Company (FDIC) on March 10. This bank failure, followed by others, creates fear of contagion throughout the U.S. and global banking systems. This Brief identifies four factors leading to the SVB crisis: i) Sharp interest rate increases by the Federal Reserve, which adversely affected SVB’s income and balance shee ...

The big menacing balloon, about 60 meters in height and an estimated couple thousand pounds, was not carrying extraterrestrials or some exquisite new covid viruses from Wahun, China. A spying monster, as Washington's Secretary of State, Antony Blinken insisted, deployed by Beijing to "attempt to surveil very sensitive military sites" (CNN, February 19, 2023). The balloon, large as roughly three buses, went over several military installations," in some cases loitering", claimed Bli ...

As FBI agent  Charles McGonigal, 54, was used in handcuffs, these metal symbols of repression and the end of freedom. When the former  Special agent in charge( SAC) of the Counter-intelligence Division of the FBIs field office in New York returned from a trip to the Middle East, he suddenly felt the cold iron around his wrists; some of the FBI agents arresting him he certainly knew well-from 1996 until his retirement in 2018 McGonigal specialized in Counterintelligence, organized cr ...

La souveraineté numérique européenne, entendue comme « capacité de l’Europe à agir de façon indépendante dans le monde numérique », a été érigée comme priorité par la Commission d’Ursula Von der Leyen. Du fait de la position privilégiée occupée par les entreprises américaines sur le marché européen, les efforts de Bruxelles en matière de souveraineté numérique sont scrutés de près par les décideurs politiques américains. Ces derniers considèrent souvent les initiatives européennes c ...

This ninth edition of “Atlantic Currents” appears in an international context marked predominantly by a ten month-war between Russia and Nato members that began February 2022. The war is affecting not only the European and American member States directly and actively involved in an unprecedented manner, but more importantly the countries of the global South that have suffered collateral damage. Indeed, the nations of the world were barely out of the most painful and costly phase o ...