A New Era of Financial Warfare
The twenty-first century ushered in a “new era of financial warfare” as the United States imposed robust financial sanctions on its adversaries. Unlike traditional trade sanctions, these measures focus on disrupting a target state’s cross-border financial channels to isolate it from the global economy. However, this also allowed America to leverage the dollar’s status as the world’s reserve currency. Furthermore, relatively few giant banks are responsible for most global cross-border transactions... Читать дальше...