Currency Wars, the Economy of the United States, and Reform of the International Monetary System

Date

May 16, 2013, 12:00 AM EDT
Peterson Institute for International Economics, Washington, DC

Event Summary

C. Fred Bergsten, the founding director of the Institute, delivered the twelfth annual Stavros Niarchos Foundation Lecture, on May 16, 2013. Drawing on his 45 years at the center of international economic policy debates, he argued in his lecture that currency manipulation is the single biggest challenge facing the world economic system and costs millions of US jobs. Bergsten offered bold proposals for countervailing intervention and ties between the International Monetary Fund and the World Trade Organization in evaluating currency misalignments.

The Niarchos Lecture is the Institute's premier annual event. Previous speakers in the series, which began in 2001, have included Alan Greenspan, Ernesto Zedillo, Lawrence Summers, Long Yongtu, Mario Monti, Heizo Takenaka, Petr Aven, Nandan Nilekani, Niall Ferguson, John Lipsky, and Jean-Claude Trichet. These events are made possible by a generous grant from the Stavros Niarchos Foundation, whose support enables the Institute to present a major program each year on a topic of central concern to the US and international policy communities.

Event Materials

Prepared Remarks [pdf]
C. Fred Bergsten
May 16, 2013

Niarchos Brochure [pdf, 2MB]

Video

Unedited rush transcript: Question and Answer Session [pdf]

Series

About This Series

The Stavros Niarchos Foundation Lecture has been presented at the Institute in previous years by such noted economists turned global policymakers as Agustín Carstens, Alan Greenspan, Mervyn King, Mario Monti, Lawrence Summers, Jean-Claude Trichet, Long Yongtu, and Ernesto Zedillo. Our signature annual event is made possible by the generous ongoing support of the Stavros Niarchos Foundation.