Beyond the Dollar
Monday, May 1, 2017 / 10:45 am - 11:45 am
Oakhurst
   
   

Moderator
Peter Passell, Senior Fellow, Milken Institute; Editor, the Milken Institute Review

Speakers
Youssef Boutros-Ghali, Former Minister of Finance, Egypt; Former Chairman, IMF Committee
Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley
Joaquim Levy, Managing Director and Chief Financial Officer, World Bank Group
James McCormack, Global Head of Sovereign and Supranational Ratings, Fitch Ratings
Nouriel Roubini, Chairman, Roubini Macro Associates LLC; Professor of Economics, Stern School of Business, New York University

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?