June 20, 2020, Videos, "Together with her research colleagues, Gita Gopinath developed the Dominant Currency Paradigm. Unlike other standard economic models, it takes into account that prices in global trade are predominantly not set in either the producer’s or destination’s currency but are set in dollars. The economists found that when most transactions are dollar denominated, a currency depreciation is rather unlikely to increase exports." Watch on VideoVox's Youtube Channel
Part 1. How can countries grow sustainably?
Part 2. The dominance of the US dollar in trade and finance
Part 3. Can imposing tariffs tackle trade imbalances?
Part 4. The Global Impact of Covid-19
Non-HKS Author Website - Gita Gopinath