Why Losing SWIFT Matters

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摘要

The Society for Worldwide Interbank Financial Telecommunication or SWIFT provides financial messaging services to some 11,000 banks around the world. It is not a company, but rather a cooperative organization that arose to replace an outdated technology. Its powerful network has made it a crucial part of the global financial system. The Wikipedia page on this organization is quite comprehensive. So we have to go deeper. In this video, I want to write about SWIFT's unusual place in the financial world and what it means to lose access to it. Links: - The Asianometry Newsletter: https://asianometry.substack.com - Patreon: https://www.patreon.com/Asianometry - The Podcast: https://anchor.fm/asianometry - Twitter: https://twitter.com/asianometry

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