World Knowledge Forum

[WKF 2015] The Future of the U S Dollar and Implications for the Korean Economy│Eswar Prasad



The U.S. dollar has become even more dominant in global finance in the aftermath of the global financial crisis. Based on his recent award-winning book , Professor Eswar Prasad will discuss this and other paradoxes in international currency markets, and their implications for the stability of the international monetary system. While the stature of the euro and yen has weakened, China’s renminbi is rising as a rival to the dollar. The internationalization of the renminbi is proceeding rapidly, but there is a long way to go before it becomes a true reserve currency. These shifts in currency markets will have major implications for capital flows and currency volatility worldwide, especially for Korea and other economies in the Asian region. This session will address the following key issues in international finance: - What are the short and long-term prospects for the value of the U.S. dollar? - How will be dollar’s dominant grip on international finance? - Will the renminbi become a true reserve currency? If so, does it pose a threat to the U.S. dollar’s dominance? - What impact will the divergent monetary and currency policies of the Federal Reserve, ECB and Bank of Japan have on global financial markets? - How will the realignments among major currencies affect Korea and other economies in the Asian region? ★ Youtube → ★ Facebook → ★ instagram →