The US dollar as a global currency: challenges and perspectives, 8th BdF-BoE-BdI International Macroeconomics Workshop

BdI-BdF-BoE International Macroeconomics Workshop

Rome, Tuesday 8 November 2022

Banca d’Italia

8:30    Registration and Welcome coffee

9:00    Bank Foreign Liabilities and Capital Requirement
           Caterina Mendicino (ECB), with L. Falasconi, D. Supera
           Discussant: Nuno Coimbra (Banque de France)

10:00  Jumpstarting an International Currency

          Saleem Bahaj (UCL & Bank of England), with R. Reis

           Discussant: Friederike Niepmann (Fed Board)

11:00  Break

11:30  Keynote lecture: 

          The US, China, and the Future of the International Monetary System

          Jesse Shreger (Columbia University)

12:30  Lunch

13:30  International Capital Markets and Wealth Transfers

          Julien Penasse (U. de Luxembourg), Magnus Dahlquist, Anna Pavlova, Christian Heyerdahl-Larsen

          Discussant: Dmitry Mukhin (LSE)

14:30  The Dollar and Global Financial Collapse

          Diego Bohorquez (Pompeu Fabra)

          Discussant: : Anna Rogantini Picco (Sveriges Riksbank)

15:30  Break

16:00  An unintended consequence of holding dollar assets
           Robert Czech (Bank of England), with S. Huang, D. Lou, T. Wang
           Discussant: Margherita Bottero (Banca d’Italia)

17:00  Foreign Exchange Interventions with UIP and CIP deviations

           Philippe Bacchetta (U de Lausanne), with K. Benhima, B. Berthold

           Discussant: Egemen Eren (BIS)

18:00  Adjourn

Organizers: Antoine Berthou (BdF), Ambrogio Cesa-Bianchi (BoE), Aydan Dogan (BoE), Fabrizio Venditti (BdI)