The Future of the International Monetary System |

The Future of the International Monetary System


Four years after the onset of the financial crisis, the global economic recovery is still sputtering due to a lack of robust demand, policy tools that are stretched to their limits and unable to muster much traction, and enormous risks posed by weak financial systems and political uncertainty. The financial crisis and its aftermath have added momentum to the shift in the center of gravity of the world economy towards the emerging markets, particularly the dynamic emerging markets in Asia. Professor Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University, will discuss the future of the international monetary system and evolution of different currencies, especially the euro, dollar and key emerging market currencies in the context of the shifting global economic order. The lecture will weave in thoughts about global governance, the roles of institutions like the International Monetary Fund (IMF), and what Professor Prasad sees as future trends in global financial flows, particularly those to and from emerging markets.

Professor Prasad, who was once the head of IMF's China division, is an expert on emerging markets, with a special focus on the Chinese and Indian economies. His views on the macroeconomics of financial globalization, financial regulation, monetary policy frameworks and exchange rate policies in emerging markets are actively sought by Asia's top economic agencies as well as the US Congress.

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Professor Eswar Prasad, Tolani Senior Professor of Trade Policy, Cornell University; Senior Fellow and New Century Chair in International Economics, Brookings Institution; and Research Associate, National Bureau of Economic Research (Cambridge, Massachusetts)

Wednesday, 13 June 2012
3.30 p.m. - 5.15 p.m.

Tower A Ballroom, Lobby Level

Shangri-La Hotel, Singapore

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