Economic Insights — The author of this issue’s article about how the U.S. dollar became the world’s dominant international currency talks about how Brazil’s fight against hyperinflation shaped his interest in monetary economics.
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As far as Daniel Sanches is concerned, the greatest event in modern Brazilian history was its government’s successful taming of hyperinflation in the mid-1990s. He lived through that tumultuous era while growing up in Brazil’s largest city, Sao Paulo. In this Q&A, he discusses how those childhood experiences inspired him to pursue a career in economics, how one terrific college professor sent him on the road to the Philadelphia Fed, and why there have been so few dominant international currencies in world history.
This article appeared in the Third Quarter 2025 issue of Economic Insights. Download and read the full issue.
