Pierre-Olivier Gourinchas on Geopolitics and Dollar Dominance
Recommendation
The US dollar – long a safe haven and an anchor of international stability – could be on the decline as the world’s reserve currency, says economist Pierre-Olivier Gourinchas in this enlightening podcast conversation with the IMF’s Bruce Edwards. Economic sanctions arising from the war in Ukraine highlight the global trade system’s reliance on the US dollar, a reliance many countries want to curtail. And as global tensions push economies into separate camps, a fragmented world threatens the collaboration needed to address pressing global issues, as well as the IMF’s role as a financial stabilizer. Executives and students of geopolitics will find important food for thought here.
Summary
About the Podcast
Pierre-Olivier Gourinchas is chief economist at the IMF and the director of its research department. Bruce Edwards hosts IMF Podcasts.
Comment on this summary