SAVE THE DATE: FRIDAY 4 DECEMBER 2009

BARRY EICHENGREEN
“The Dollar in Doubt”

The Seventh Luca d’Agliano Lecture in Development Economics by Barry Eichengreen will be held on Friday 4 December 2009 at 5 p.m. at the Fondazione Luigi Einaudi, Turin.

Abstract
Recent events have created new doubts about the dollar’s prospects for remaining the leading international reserve currency. The crisis has not exactly enhanced the attractions of the United States as a producer of high quality financial assets. Yet incumbency is a strong advantage in international monetary affairs, and the dollar is the incumbent reserve currency. And the alternatives, from the euro, to the renminbi, to the IMF’s Special Drawing Rights, all have problems and disadvantages of their own. This lecture will consider whether the dollar will remain the dominant international currency and, if it doesn’t, what implications – economic, financial, political and strategic – follow for the United States and the world, including especially the emerging and developing economies.

Programme