International Monetary Fund

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 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


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

Strategy, Policy, and Review Department, IMF


James Boughton

IMF Historian