At present, there are more questions than answers as to how economics and finance will be altered by the events starting in 2020. The duration and outcome of the war in Ukraine will determine its ultimate impact.
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A new report led by IESE Business School professor Xavier Vives centers on three major elements of this transformation: macroeconomic stability and policy; the international monetary landscape, and in particular the U.S. dollar; and the sustainability of sovereign debt, especially in Europe.
[This article has been reproduced with permission from IESE Business School. www.iese.edu/ Views expressed are personal.]