De-Dollarization, Local Currencies, And External Financial Defense

U.S. assets reacted in a see-saw fashion to Donald Trump’s victory. Stock futures first dove deeply before climbing up to strong gains as investors developed a view on what kind of economic policy president-elect Trump is likely to pursue. They seem to be pricing in an expectation of higher growth and inflation, as well as an earlier Federal Reserve exit from ultra-low interest rates and from holding U$ 4.45 trillion of Treasury bonds. Shock waves hit international financial market ...

This policy brief argues for a closer relationship between Morocco and the United States. Morocco’s geo-economic position is evolving in ways that will shape U.S. and international interests in the country and open new avenues for cooperation. Key drivers of change in this context include Morocco’s stake in greater economic integration in the Maghreb, a growing role in Africa, new energy and infrastructure projects, and the emergence of Morocco as a hub for communications around th ...