Currency wars and dollar’s reserve role, Asia Infrastructure Forum 2019
Commentary: Currency wars and dollar’s reserve role
By Mark Sobel in Washington
The daily deluge of President Trump’s tweets about unfair currency practices has raised questions about whether the dollar’s reserve currency and financing roles boost the dollar and harm US trade accounts. Proponents of the ‘exorbitant privilege’ view argue the dollar’s role allows the US to escape economic disciplines, harming the global economy. But others suggest it is an ‘indestructible curse’, insofar as it means that the US is prone to run persisting trade deficits, hurting domestic jobs and workers.
Read the full commentary on the website.
Partner meeting: Asia Infrastructure Forum 2019
Wednesday 2 October, Singapore
The Asia Infrastructure Forum combines two premier industry events: the Asia-Singapore Infrastructure roundtable and the World Bank-Singapore Infrastructure Finance summit. A nexus for best-in-class ideas, market insights and solutions, AIF is the foremost platform for dialogue among key players on current infrastructure issues and trends. Participants will include regional governments and policy-makers, equity and debt financiers, and professional services providers.
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