Future of the Dollar and the International Monetary System |
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New York, NY
Time
9:30 a.m. - 11:00 a.m.
Venue
Morgan Stanley
1585 Broadway (47th and Broadway)
New York, NY
Since the establishment of the Bretton Woods system, the U.S. dollar has held the status as the world's reserve currency. However, its real and perceived strength has wavered recently as the proportion of dollars held by foreign central banks declines, political and financial difficulties weigh on its value, and emerging markets' growing political and economic clout amplifies calls for a diverse basket of reserve currencies. At the same time, as the international community seeks safe havens from a volatile market and fragile euro, foreign bank deposits at the Federal Reserve have skyrocketed since the end of 2010 and appear to strengthen the dollar's status in the short term.
Within this fluctuating environment, the Bretton Woods Committee will convene a discussion among policymakers, economists, and financial sector experts about potential short-term and long-term changes expected for the dollar and for other currencies, and the likely domestic and global repercussions.
Panelists
Linda Goldberg, Vice President, Financial Intermediation Function, Federal Reserve Bank of New York
Mansoor Dailami, Manager, Emerging Global Trends, World Bank
Gabriel de Kock, Head of US FX Strategy, Morgan Stanley
