Money Beyond Borders: Global Currencies From Croesus to Crypto

How secure is the dollar’s position as the world’s leading currency?

The war in the Persian Gulf has set off yet another round of talk about “de-dollarization,” amplifying recent discussions about the dollar’s future as the world’s most important currency. The EU and China have been pushing harder to gain a bigger international role for the euro and the renminbi, even as the White House remains determined to maintain “Dollar Dominance.”  

The Quincy Institute is delighted to host Barry Eichengreen, a leading economic historian who has devoted much of his career to studying the evolution of the global monetary system. He will discuss his latest book, Money Beyond Borders: Global Currencies from Croesus to Crypto to talk about how international currencies succeed (and fail), and evaluate the prospects of the dollar, its competitors, and of the international monetary system.  Karthik Sankaran, senior research fellow in Geoeconomics in the Global South program at the Quincy Institute, will speak with the author.

The conversation will take place on Thursday, April 9th from 1:00 – 2:00 PM Eastern Time.

Panelists

Barry Eichengreen

Barry Eichengreen is George C. Pardee & Helen N. Pardee chair and distinguished professor of Economics and Political Science at the University of California, Berkeley, where he has taught since 1987. He is a research associate of the National Bureau of Economic Research and research fellow of the Centre for Economic Policy Research. In 1997-98 he was senior policy advisor at the International Monetary Fund. His books include “The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era” (2018), “How Global Currencies Work: Past, Present, and Future”, with Livia Chitu and Arnaud Mehl, (2017), “Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History”, (2015), and “Golden Fetters: The Gold Standard and the Great Depression, 1919-1939″(1992).

Karthik Sankaran

Karthik Sankaran is a senior research fellow in geoeconomics in the Global South program at the Quincy Institute for Responsible Statecraft. He was originally trained as a Modern European Historian but instead pursued careers in journalism and then finance as a strategist and as a trader/portfolio manager. He was engaged primarily with foreign exchange and fixed income in emerging markets at a variety of institutions on the sell-side and the buy-side. In this capacity, he saw the ripples of the Asian financial crisis of 1997 into Russia and Latin America, and then the Great Financial Crisis of 2008, and the subsequent Eurozone crisis of 2011. He then joined Eurasia Group as director, Global Strategy, where he worked with country and regional teams to chart feedback loops among political and geopolitical risks, macroeconomics, and market responses.

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