Cited in a WSJ piece on payment-system fragmentation and the marginal share of oil settlement moving off the dollar.
Mr. Yu was cited in the Wall Street Journal's coverage of payment-system fragmentation in the oil market. The data point that drove the story: the marginal share of oil settlement moving off the dollar is small in absolute terms but consistent in direction over eight consecutive quarters.
The piece used his framing: marginal share, not headline share, is the variable to watch, because regime change in payments is decided at the margin and visible only in retrospect.
Originally published in Wall Street Journal. Reproduced here with the author's permission. For inquiries, contact SouthRock Group.