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Pierre-Olivier Gourinchas on Geopolitics and Dollar Dominance
Podcast

Pierre-Olivier Gourinchas on Geopolitics and Dollar Dominance

Bruce Edwards and Pierre-Olivier Gourinchas
IMF, 2022
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Editorial Rating

7

Qualities

  • Eye Opening
  • Background
  • For Experts

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.

Take-Aways

  • The US dollar is the foundation of the international monetary system, which has governed global geopolitics for decades. 
  • The dollar’s hegemony within the world’s financial system could be at risk.
  • Today’s changing global landscape poses significant challenges to the IMF.

About the Podcast

Pierre-Olivier Gourinchas is chief economist at the IMF and the director of its research department. Bruce Edwards hosts IMF Podcasts.

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