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A joint conference sponsored by the Peterson Institute for International Economics and Bruegel
Joaquín Almunia, European Commission for Economic and Monetary Affairs
Lorenzo Bini Smaghi, Member of the Executive Board, European Central Bank
Dominique Strauss-Kahn, Managing Director, International Monetary Fund
Christian Noyer, Banque de France and European Central Bank
Peterson Institute for International Economics, Washington, DC
October 10, 2008
Summary
IMF Managing Director Dominique Strauss-Kahn gave his first major public speech surrounding the IMF/World Bank Annual Meetings at the conference "The Euro at 10: The Next Global Currency?" The all-day conference, cohosted by the Peterson Institute and Brussels-based think tank Bruegel, explored questions centered on how the current global financial crisis will affect the relative positions of the euro and the dollar as global currencies.
Papers and Presentations
Introduction
C. Fred Bergsten, Director, Peterson Institute
Jean-Claude Juncker, President, Eurogroup
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Speakers
Joaquín Almunia
Commissioner for Economic and Monetary Affairs, European Union
The European Economy as Home to the Next Global Currency
Lorenzo Bini Smaghi
Member of the Executive Board, European Central Bank
The European Central Bank's Perspective on the Euro's Global Role
Dominique Strauss-Kahn, Managing Director, International Monetary Fund
The Euro and the International Monetary System
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Panel
Underlying Determinants of Global Currency Status
Chair: Marco Buti, European Commission
Kristin Forbes
MIT
Financial Network Effects and Deepening
presentation [pdf]
Philippe Martin
Paris School of EconomicsInternational Trade in Financial Assets
paper [pdf]| presentation [pdf]
Linda Goldberg
Federal Reserve Bank of New YorkInvoicing and Trade Usage
presentation [pdf]
Jean Pisani-Ferry
BruegelInstitutional Governance
presentation [pdf]
André Sapir
BruegelInstitutional Governance
Adam S. Posen
Peterson InstituteForeign Relations and Security Linkages
paper [pdf]
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Speaker
Christian Noyer
Governor, Banque de France; First Vice President, European Central Bank
A Founder's Perspective on the Euro as a Global Currency [pdf]
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Panel
Regional Perspectives on Changing Reserve and Pegging Relationships
Chair: Adam S. Posen, Peterson Institute
C. Randall Henning
Peterson Institute
East Asia
presentation [pdf]
György Szapáry
Central European University
The New Member States and Eastern Europe
paper [pdf] | presentation [pdf]
Mohsin Khan
International Monetary Fund
The Middle East and Oil Exporters
presentation [pdf]
Maria Celina Berardinelli Arraes
Banco Central do Brasil
Latin America
presentation [pdf]
Thomas Mayer
Deutsche Bank Global Markets
A Market View of Reallocations
presentation [pdf]
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Panel Discussion
Is the Present Crisis the Moment for the Euro's Global Emergence?
Chair: Jean Pisani-Ferry, Bruegel
Leszek Balcerowicz, Bruegel and Peterson Institute
C. Fred Bergsten, Peterson Institute
Antonio de Lecea, DG ECFIN, European Commission
Erkki Liikanen, Bank of Finland
Lawrence Summers, Harvard University
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Closing Remarks
Jean Pisani-Ferry, Bruegel
Adam S. Posen, Peterson Institute