The renminbi in the international monetary system
While dollar dominance remains a defining feature of the global financial system, debate continues over the evolving international role of the renminbi.
Mark Sobel, chief economist and vice chair at OMFIF, convenes an expert panel to assess recent developments in the role of the renminbi, its structural constraints and its future prospects within the international monetary system.
Please note the timings for this event are 14:00-15:00 (BST) and 09:00-10:00 (EDT).
Speakers
Daniel McDowell
Associate Professor of Political Science
Syracuse University
Daniel McDowell
Associate Professor of Political Science
Syracuse University
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.
Han Shen Lin
China Managing Director
The Asia Group
Han Shen Lin
China Managing Director
The Asia Group
Zongyuan Zoe Liu
Maurice R. Greenberg Fellow for China Studies
Council on Foreign Relations
Zongyuan Zoe Liu
Maurice R. Greenberg Fellow for China Studies
Council on Foreign Relations
Zongyuan Zoe Liu is senior fellow for China studies at the Council on Foreign Relations. Her work focuses on international finance, sovereign wealth funds and the geoeconomics of energy transition. Her regional expertise is in east Asia and the Middle East. Liu is the author of ‘Can BRICS De-dollarize the Global Financial System?’ and ‘Sovereign Funds: How the Communist Party of China Finances its Global Ambitions’.