Elena Nikulina

Louis-Vincent Gave: Post WW2 financial structure built on U.S. hegemony and Treasury liquidity

Louis-Vincent Gave: Post WW2 financial structure built on U.S. hegemony and Treasury liquidity
Global finance rests on U.S. hegemony

Louis-Vincent Gave outlines three foundational assumptions underlying the financial architecture established after World War II. He emphasizes that the post-war system depends on the U.S. serving as a benevolent hegemon committed to maintaining global trade, the U.S. controlling critical sea lanes, and the ability to convert U.S. Treasury securities into commodities rapidly.

These insights reflect core conditions that have supported international economic stability over recent decades, according to Gave.

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