Robert N McCauley

Robert McCauley’s research spans the international monetary system (exorbitant privilege, Triffin dilemma, central bank swaps), official reserve management (currency and instrument composition), money, bond and foreign exchange markets (eurodollars, dollar zone, foreign exchange forwards) and renminbi internationalization. He co-authored the 8th edition of the classic Manias, Panics, and Crashes, published in March 2023, including chapters on the 21st Century international lender of last resort and crypto. He is working on a book entitled The domain of the dollar for the Cambridge University Press Studies in Macroeconomic History series. He spent most of his career in central banking at the Bank for International Settlements (BIS) and, before that, at the Federal Reserve Bank of New York. He was involved in the creation of the Asian Bond Fund among Asian and Pacific central banks in 2003. He represented the BIS on the Markets Committee of central bank market practitioners from 2008 to 2019.