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Highlights from Speaker Series with Gita Gopinath - The Future of the International Monetary System

Gita Gopinath presenting

Gita Gopinath

Credit: Holly Hernandez
Dec 6 2019

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Center News

On November 14, 2019, the Stanford King Center on Global Development welcomed Gita Gopinath to speak as part of the center’s Speaker Series. Gopinath is the John Zwaanstra Professor of International Studies and of Economics at Harvard University. She is currently on public service leave from the economics department to serve as the Chief Economist of the International Monetary Fund (IMF).

Read a December 2019 profile of Gopinath by Bloomberg Businessweek.

At the King Center, Gopinath spoke on “The Future of the International Monetary System”, the dominance of the US dollar in international markets, and internationalization of the Euro and RMB.

“This is getting a lot of attention recently,” Gopinath opened, “because an important defining feature of the monetary system is about the use of certain currencies in international transactions in cross-border capital flows and cost by the payments.”

Regarding the increasing interest in electronic currencies, Gopinath remained skeptical. “There are some gains,” said Gopinath, “but the big concern is it would lead to countries that have weak currencies be quick to adopt a private digital currency because that would have a stronger value than their own local currencies.”

View the entire presentation and Q&A on Stanford’s YouTube channel.

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Gopinath speaking with John Taylor, the Mary and Robert Raymond Professor of Economics and the George P. Shultz Senior Fellow in Economics at the Hoover Institution.

Gopinath presenting on stage.

Gopinath joins Pete Klenow in a Q&A. Klenow is the the Gordon Moore Senior Fellow at SIEPR and the Landau Professor in Economic Policy, Department of Economics.

Klenow speaking with Gopinath.

Students listening to Gopinath and Klenow's discussion.

Students meeting with Gopinath after the event.