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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Jun 21, 2021

Steffen Murau is a political economist at the Global Development Policy Center at Boston University and specializes in international money and finance. He joins Macro Musings to talk about the Eurozone, its role within international monetary architecture, and the future of the dollar zone. They also discuss balance sheet hierarchies, the roles of European banks compared to their American counterparts, and the fiscal ecosystem present within the Eurozone.


Transcript for the episode can be found here.


Steffen’s Twitter: @steffenmurau

Steffen’s website:

Steffen’s GDPC profile:


Related Links:


*A Macro-Financial Model of the Eurozone Architecture Embedded in the Global Offshore US-Dollar System* by Steffen Murau


*The Hierarchy of the Offshore US-Dollar System: On Swap Lines, the FIMA Repo Facility and Special Drawing Rights* by Steffen Murau, Fabian Paper, and Tobias Pforr


*The Evolution of the Offshore US-Dollar System: Past, Present, and Four Possible Futures* by Steffen Murau, Joe Rini, and Armin Haas


David’s blog:

David’s Twitter: @DavidBeckworth