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good morning i'm david wessel director of the hutchins center on fiscal and monetary policy at brookings welcome the us dollar has been the world's primary reserve currency indeed the world's primary international currency for over 60 years this is not necessarily a permanent perch as the british learned in the early part of the 20th century now as long as i've been paying attention there have been warnings that the dollar's primacy is ending the dollar is doomed uh these were quite loud when the euro was born 25 years ago more recently there's talk that china's embrace of digital currency present precises the decline of the us dollar or that somehow crypto is going to replace fiat currencies and of course today there are warnings that the u.s sanctions on russia's dollar reserves will prompt other countries to look outside the dollar to hold their forex reserves well if i were still a wall street journal reporter writing about this there are a handful of experts that i'd call to talk about these questions and to speculate on the future of the dollar uh the people on the panel we've assembled today are the people who would be at the top of that list uh i i'm going to introduce them in a moment if you want to send a question you can use slido s l i dot d o hyphen future of dollar or send an email to events at brookings.edu so our panel today in the order which they're going to speak are barry eichengreen who is the george pardee and helen pardee professor of economics and political science at berkeley his most recent book is in defense of the public debt but uh about a decade ago he wrote a really influential history called exorbitant privilege the rise and fall of the dollar and the future of the international monetary system ishwar prasad is my colleague at brookings he holds the new century chair in international economics here and is also the talani senior professor of trade policy at cornell before academics he was at the international monetary fund ishwar's latest book quite relevant to the discussion today is called the future of money how the digital revolution is transforming currencies in finance zach is the co-head of foreign foreign exchange strategy interest rates and emerging market strategy for goldman sachs i was trying to figure out if that left room for anybody else a goldman sachs that seems to cover the waterfront he's been at goldman most recently for seven years previously worked at nomura lehman brothers columbia thread needle and before that or somewhere along the line at goldman before catherine dominguez is a professor of public policy and economics at the university of michigan's ford school and the author of exchange rate efficiency and the behavior of international asset markets and does foreign exchange intervention work and finally but not last my colleague at brookings don cone who's the robert...