The End of US Dollar Dominance?
Eswar S Prasad, Tolani Senior Professor of Trade Policy, Cornell University; Author, The Dollar Trap: How the US Dollar Tightened Its Grip on Global Finance
Paola Subacchi, Research Director, International Economics, Chatham House
Further speakers TBC
Chair: John Nugée, Associate Fellow, International Economics, Chatham House
Speculation about the demise of the US dollar as the main reserve currency has been heightened by a changing international monetary system, the US financial crisis and the emergence of the Chinese renminbi. As outlined in his recent book, The Dollar Trap: How the US Dollar Tightened Its Grip on Global Finance, Eswar Prasad will argue that, paradoxically, the financial crisis, a dysfunctional international monetary system and US policies have actually strengthened the dollar's prominence. The discussion will offer a panoramic analysis of the current state of global finance and the structure of international currency arrangements, including the relative importance of the US dollar and other reserve currencies.