EXPLAINER
Money & global powerWhat is SWIFT and can countries really be cut off?
A messaging network, not a bank — and why that distinction matters.
What this covers
- What SWIFT actually transmits
- What disconnection does and does not prevent
- What alternatives exist and how much traffic they carry
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Do economic sanctions actually work?
Researchers disagree — largely because they define success differently.
Money & global power
EXPLAINER
What does 'de-dollarization' actually mean?
One word covering several very different things.
Money & global power
EXPLAINER
Why is the U.S. dollar the world's main reserve currency?
Depth, law, habit — and what would actually have to change.
Money & global power
EXPLAINER
Central banks
The tools, the mandates and the limits.
How the world actually works