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Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System
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    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.

    October 19, 2011

     

    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.

    Opening Remarks

    Min Zhu

    Deputy Managing Director, IMF

    Panelists

    Barry Eichengreen

    Professor of Economics and Political Science
    University of California, Berkeley

    Ted Truman

    Senior Fellow
    Peterson Institute for International Economics

    Isabelle Mateos y Lago

    Advisor
    Strategy, Policy, and Review Department, IMF

    Moderator

    James Boughton

    IMF Historian

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