Event Summary
IMF Managing Director Dominique Strauss-Kahn gave his first major public speech surrounding the IMF/World Bank Annual Meetings at the conference "The Euro at 10: The Next Global Currency?" The all-day conference, cohosted by the Peterson Institute and Brussels-based think tank Bruegel, explored questions centered on how the current global financial crisis will affect the relative positions of the euro and the dollar as global currencies.
Event Materials
| Papers and Presentations |
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| Introduction | C. Fred Bergsten, Director, Peterson Institute Jean-Claude Juncker, President, Eurogroup |
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| Speakers | Joaquín Almunia Commissioner for Economic and Monetary Affairs, European Union |
The European Economy as Home to the Next Global Currency |
| Lorenzo Bini Smaghi Member of the Executive Board, European Central Bank |
The European Central Bank's Perspective on the Euro's Global Role |
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| Dominique Strauss-Kahn, Managing Director, International Monetary Fund |
The Euro and the International Monetary System |
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| Panel | Underlying Determinants of Global Currency Status |
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| Chair: Marco Buti, European Commission | ||
| Kristin Forbes MIT |
Financial Network Effects and Deepening presentation |
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| Philippe Martin Paris School of Economics |
International Trade in Financial Assets paper | presentation |
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| Linda Goldberg Federal Reserve Bank of New York |
Invoicing and Trade Usage presentation |
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| Jean Pisani-Ferry Bruegel |
Institutional Governance presentation |
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| André Sapir Bruegel |
Institutional Governance |
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| Adam S. Posen Peterson Institute |
Foreign Relations and Security Linkages paper |
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| Speaker | Christian Noyer Governor, Banque de France; First Vice President, European Central Bank |
A Founder's Perspective on the Euro as a Global Currency |
| Panel | Regional Perspectives on Changing Reserve and Pegging Relationships |
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| Chair: Adam S. Posen, Peterson Institute | ||
| C. Randall Henning Peterson Institute |
East Asia presentation |
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| György Szapáry Central European University |
The New Member States and Eastern Europe paper | presentation |
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| Mohsin Khan International Monetary Fund |
The Middle East and Oil Exporters presentation |
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| Maria Celina Berardinelli Arraes Banco Central do Brasil |
Latin America presentation |
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| Thomas Mayer Deutsche Bank Global Markets |
A Market View of Reallocations presentation |
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| Panel Discussion | Is the Present Crisis the Moment for the Euro's Global Emergence? |
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| Chair: Jean Pisani-Ferry, Bruegel | ||
| Leszek Balcerowicz, Bruegel and Peterson Institute |
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| C. Fred Bergsten, Peterson Institute |
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| Antonio de Lecea, DG ECFIN, European Commission |
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| Erkki Liikanen, Bank of Finland |
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| Lawrence Summers, Harvard University |
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| Closing Remarks | Jean Pisani-Ferry, Bruegel Adam S. Posen, Peterson Institute |
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