Dollar dominance: for how long?
This off-the-record roundtable examines the geopolitical and macroeconomic issues influencing the dollar’s status in global markets and investigates how asset allocation preferences by central banks, sovereign funds and other holders may be shifting.
Ahead of the US presidential election, the roundtable asks whether the dollar could be toppled from its supreme position in the global monetary system due to ill-disciplined economic policies in the US and efforts by foreign holders to sidestep American and western investment and transaction controls. In addition to looking at alternative currency assets – led by the euro and the renminbi – the discussion will also touch on whether gold offers attractive features in the present environment, as indicated by OMFIF’s Global Public Investor 2024 survey.
Speakers
Otaviano Canuto
Senior Fellow
Policy Center for the New South
Otaviano Canuto
Senior Fellow
Policy Center for the New South
Steven Kamin
Senior Fellow
American Enterprise Institute
Steven Kamin
Senior Fellow
American Enterprise Institute
Anil Kishora
Vice-President and Chief Risk Officer
New Development Bank
Anil Kishora
Vice-President and Chief Risk Officer
New Development Bank
Ludger Schuknecht
Vice President and Corporate Secretary
Asian Infrastructure Investment Bank
Ludger Schuknecht
Vice President and Corporate Secretary
Asian Infrastructure Investment Bank
Nathan Sheets
Global Chief Economist
Citigroup
Nathan Sheets
Global Chief Economist
Citigroup
Christopher Smart
Managing Partner
Arbroath Group
Christopher Smart
Managing Partner
Arbroath Group
Mark Sobel
Vice Chair and Chief Economist
OMFIF
Mark Sobel
Vice Chair and Chief Economist
OMFIF
Mark Sobel is Chief Economist and Vice Chair at OMFIF. Mark is a veteran US Treasury official, who was at the forefront of international financial diplomacy for two decades.
Mark, who represented the US on the International Monetary Fund executive board up to April 2018, has had a 40-year Treasury career with extensive around-the-world engagement.
He works with OMFIF in dealings with private and public sector organisations, speak regularly on international and US policy, and provide OMFIF members with insight and analysis.
Mark was Treasury Deputy Assistant Secretary for international monetary and financial policy between 2000 and early 2015. He helped lead Treasury preparations for G7 and G20 finance minister and central bank governor meetings, formulated US positions at the IMF, and coordinated Treasury and regulatory agencies’ work in the Financial Stability Board.
Mark founded the US/EU Financial Market Regulatory Dialogue and chaired an international group of private and official sovereign debt experts that developed enhanced collective action clauses for sovereign debt restructuring. He managed the $100bn-plus Treasury Exchange Stabilization Fund and played a key role in US foreign exchange policy including coordinating the Treasury’s semi-annual foreign exchange report on China and other countries.
Katarzyna Zajdel-Kurowska
Director, Asset Management and Advisory
World Bank Treasury
Katarzyna Zajdel-Kurowska
Director, Asset Management and Advisory
World Bank Treasury
Timings
10:00-10:15 Registration
10:15-11:30 Roundtable discussion
