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“The US and China in the global order: the role of the dollar and tensions with China”

Summary:
Yesterday, I had the pleasure of joining a virtual panel sponsored by the Official Monetary and Financial Institutions Forum (IMFIF), is think tank covering central banking, economic policy and public investment. I joined Robert Dohner, former Deputy Assistant Secretary of the US Department of the Treasury (2005-18), Scott Kennedy, Senior Adviser and Trustee Chair in Chinese Business and Economics at the Center for Strategic and International Studies, and the moderator, Mark Sobel, former Treasury Deputy Assistant Secretary for international monetary and financial policy between 2000 and early 2015. The proceedings are available here. The future of global multilateralism is increasingly under threat, exacerbated by Covid-19 lockdown policies. Many questions have been raised over the

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Yesterday, I had the pleasure of joining a virtual panel sponsored by the Official Monetary and Financial Institutions Forum (IMFIF), is think tank covering central banking, economic policy and public investment.

I joined Robert Dohner, former Deputy Assistant Secretary of the US Department of the Treasury (2005-18), Scott Kennedy, Senior Adviser and Trustee Chair in Chinese Business and Economics at the Center for Strategic and International Studies, and the moderator, Mark Sobel, former Treasury Deputy Assistant Secretary for international monetary and financial policy between 2000 and early 2015. The proceedings are available here.

The future of global multilateralism is increasingly under threat, exacerbated by Covid-19 lockdown policies. Many questions have been raised over the international economic system, built by the US and its allies, and the role of today’s global powers in reshaping it for the next century. This panel discusses some of the major themes facing the global economy, in particular the international role of the Federal Reserve, US-China relations and the future of the dollar in maintaining global stability.

Mark Sobel’s views on the RMB vs. US dollar can be seen in this International Economy forum, while Robert Dohner discusses the Fed as the world’s indispensable central bank. Scott Kennedy tackles decoupling (or not) here.

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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