The Trump administration is undertaking major changes to the geopolitical and trade arrangements that have been the foundation of the world economy for over 70 years. How will these changes impact the role of the US dollar and the international financial system? Do these changes portend, if not necessitate, some kind of second Plaza Accord, or do they make such an accord difficult to reach? What will the impact be on currencies and government debt in the US and around the world?
Panelists Maurice Obstfeld (PIIE) and Warwick J. McKibbin (PIIE; Australian National University) provide their analytical perspectives on this critical issue, followed by a discussion with the audience moderated by PIIE president Adam S. Posen.