IMF Book Discussion
Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System
By Barry Eichengreen
Wednesday, October 19, 2011
9:30 a.m. – 11:00 a.m.
IMF Headquarters Building 2 – Conference Hall 1
1900 Pennsylvania Avenue, NW, Washington, DC 20431
To RSVP, please send an email to FundStaffEvents@imf.org by 3:00 pm on October 18, 2011
The author traces the rise of the dollar to international prominence over the course of the 20th century and shows how the greenback dominated for the same reasons that the U.S. dominated the global economy. But now, with the rise of emerging economies, America no longer towers over the global economy. Challenging the presumption that there is room for only one true global currency, Eichengreen argues that several currencies have shared this international role over long periods.
Deputy Managing Director, IMF
Professor of Economics and Political Science
University of California, Berkeley
Peterson Institute for International Economics
Isabelle Mateos y Lago
Strategy, Policy, and Review Department, IMF