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DEC Lecture Series: Dominant Currency Paradigm

Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants assume prices are set in the producer's currency or in local currency. We model instead a 'dominant currency paradigm' characterized by three features: pricing in a dominant currency, pricing complementarities, and imported input use in production. We test this paradigm using both a newly... view more

About the Presenters

Gita Gopinath

Gita Gopinath is the John Zwaanstra Professor of International Studies and of Economics at Harvard University. Her research focuses on International Finance and Macroeconomics. She is co-director of the International Finance and Macroeconomics program at the National Bureau of Economic Research, a visiting scholar at the Federal Reserve Bank of Boston, member of the economic advisory panel of the Federal Reserve Bank of New York, Economic Adviser to the Chief Minister of Kerala state (India), co-editor of the American Economic Review, co-editor of the current Handbook of International Economics and was managing editor of the Review of Economic Studies. She also served as a member of the Eminent Persons Advisory Group on G-20 Matters for India's Ministry of Finance. In 2018 she was elected a fellow of the American Academy of Arts and Sciences. In 2017 she received the Distinguished Alumnus Award from the University of Washington. In 2014, she was named one of the top 25 economists under 45 by the IMF and she was chosen as a Young Global Leader by the World Economic Forum in 2011. Before coming to Harvard, she was an assistant professor of economics at the University of Chicago's Graduate School of Business.

Questions Submitted

Anvar

- Mar 22, 2020
Interesting!

Joy Mildred Adhiambo

- Dec 17, 2019
Dominant Currency Paradigm

Monir

- Sep 8, 2019
Comprehensive currency webinar

Waqar Aamir

- May 23, 2019
Great

Yusman

- Apr 24, 2019
Good...

Arifin

- Mar 26, 2019
Menarik sekali

Vedat

- Mar 25, 2019
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Jafar

- Mar 16, 2019
Topik Sangat Menarik

Dr. Illakkuvan

- Dec 27, 2018
The purpose of the Lecture Series is to introduce ideas on cutting edge research, challenge and contribute to the Bank's intellectual climate, and reexamine current development theories and practices.

Ki

- Dec 23, 2018
Interesting!
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