🌐 Global Economy 6d ago · Menzie Chinn

Fall 2026 Semester: The Financial System (and Its Challenges)

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Fall 2026 Semester: The Financial System (and Its Challenges)
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Last year I added cryptocurrencies and private credit to the coverage. What should I add this Fall?

The erosion of exorbitant privilege:

Insurance non-renewals due to climate change, from NYT:
 

as costs from climate change rise:

Source: ClimateCentral accessed 8/17/2026. (Note: This data used to be provided by the US government pre-Trump 2.0).
Asset bubble or boom?

Source: Shiller.

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