Bloomberg Talks
UC Berkeley Economics & Political Science Professor Barry Eichengreen Talks "Money Beyond Borders"
18 Mar 2026
Chapter 1: What is the main topic discussed in this episode?
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made. And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast. We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
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It is a pristine 240 definitive pages to follow on from my book of the summer last year. Money Beyond Borders is Barry Eichengreen of Berkeley. We're honored that our definitive international economics professor could join us here amid war.
and crisis barry i want to talk about the book briefly we'll do it again here as we get to the summer down at the bottom i mean come on you're stealing from rogoff of harvard barry your last chapter our currency our problem ken said our currency your problem tell us why the dollar right now is our currency our problem
I think the dollar's fate will be determined in the United States by threats to the Fed, exploding public debts, questions about the rule of law, and weakening alliances with Partners who hold and use our currency because they trust us. So ultimately, it is our currency, our problem. I don't think I stole it from Ken. I think Ken took it from John Connolly, Richard Nixon's Treasury Secretary.
Right. No one knows who Richard Nixon is, Barry. I'm sorry. It's too ancient literature. So if someone, if it's my book of the summer and say Alicia Levine went to me and she said to me, I need a book for my brats to read. I mean, why should a 22 year old kid after golden fetters and all your other work, why should they read money beyond borders? Because there is a longer history.
The book goes back 2,500 years to the advent of coinage, to the cross-border use of Greek and Roman coins, to the use of the coins of the Byzantine Empire all around the Mediterranean into Asia. There's a longer history we can learn from. Barry, last four weeks, the markets had to adjust to a different macroeconomic outlook, perhaps as it relates to energy, given what's going on in the Mideast.
How does that factor into your economic outlook, whether it means higher inflation, maybe slower growth resulting from some of this geopolitics? How do you factor that in, or do you look past it? Well, the one reassuring observation is that dollar safe haven status has kind of mildly reasserted itself.
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Chapter 2: What is the significance of Barry Eichengreen's book 'Money Beyond Borders'?
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