Currency Wars, the Economy of the United States, and Reform of the International Monetary System

C. Fred Bergsten, Peterson Institute

Peterson Institute for International Economics, Washington, DC

May 16, 2013

C. Fred Bergsten, the founding director of the Institute, delivered the twelfth annual Stavros Niarchos Foundation Lecture, on May 16, 2013. Drawing on his 45 years at the center of international economic policy debates, he argued in his lecture that currency manipulation is the single biggest challenge facing the world economic system and costs millions of US jobs. Bergsten offered bold proposals for countervailing intervention and ties between the International Monetary Fund and the World Trade Organization in evaluating currency misalignments.

The Niarchos Lecture is the Institute's premier annual event. Previous speakers in the series, which began in 2001, have included Alan Greenspan, Ernesto Zedillo, Lawrence Summers, Long Yongtu, Mario Monti, Heizo Takenaka, Petr Aven, Nandan Nilekani, Niall Ferguson, John Lipsky, and Jean-Claude Trichet. These events are made possible by a generous grant from the Stavros Niarchos Foundation, whose support enables the Institute to present a major program each year on a topic of central concern to the US and international policy communities.

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