For more than 60 years, the U.S. dollar has reigned as the world's dominant international currency, accounting for nearly 90 percent of foreign exchange transactions and the majority of global foreign exchange reserves. However, as the United States' share of global output shrinks, the dollar is facing stronger competition from the euro and the renminbi, and may also be challenged by cryptocurrencies such as bitcoin. Panelists will explore questions such as:
- Can the dollar maintain its dominant position as rival currencies gain international acceptance?
- Can the euro expand beyond its role as a regional currency?
- What is the path for further internationalization of the renminbi?
- When will bitcoin and other digital currencies have their day?