June 19, 2023· 52 min

Josh Younger on the Surprising Origins of Eurodollars and Petrodollars

Josh Younger

Orality

Model

50%

Speaker Breakdown

HostJoe Weisenthal(1,659 words)

M:29%

HostTracy Alloway(7,263 words)

M:28%

GuestJosh Younger(1,582 words)

M:29%

Oral Indicators

Agonistic30%

basically, absolutely, very

Engagement43%

you, our, your

Memory Aids100%

listen, like, so

Repetition100%

like (214x), they (128x), it's (101x)

Parallelism100%

And I'm Joe Weisenthal...., But if you actually, like, tak..., So it is a theme that tends to...

Sound Patterns65%

72 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases4%

you know what, i mean

Literate Indicators

Hedging8%

may, maybe, might

Passive Voice10%

be dominated, is often, be denominated

Abstract Nouns23%

investment, community, business

Subordination7%

because, though, while

Sentence Length31%

Avg: 12.7 words/sentence

Word Complexity48%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style57%

476 personal pronouns found

Descriptive Style84%

apply, actually, seriously

Description

De-dollarization is all the rage right now, with lots of talk about whether the US currency will be able to maintain its dominant status in the global financial system. But regardless of what happens in the future, it's worth asking how we got to this point originally. How is it that the dollar came to dominate not just global trade flows but also became the currency of choice for things like buying oil? And why are there large pools of eurodollars sitting outside the United States? In this episode, we speak with Josh Younger, formerly of JPMorgan Chase and now a senior adviser at the Federal Reserve Bank of New York, about the surprising policy decisions that went into creating eurodollars and petrodollars, and why they matter now. See omnystudio.com/listener for privacy information.

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