CNBC TV Debates
GLOBAL FINANCIAL SYSTEM AND THE ROLE OF RESERVE CURRENCIES. SEARCH FOR STABILITY
Pavilion G, Conference Hall G6
The world’s reserve currency system is undergoing increasingly visible shifts. The inclusion of the yuan in the SDR basket is symbolic of the growing weight of the developing nations. While the US economy as a percentage of global GDP in relative terms is shrinking, the role of the US dollar in global finance remains deeply entrenched. What are the risks inherent to a global financial system tied so closely to the “greenback”, and what steps can and should be taken to create a more stable basket of currencies?
, Anchor, CNBC
, Chairman of the Board, Center for Strategic Research Foundation; Deputy Chairman, Economic Council under the President of the Russian Federation
, Deputy Finance Minister of the Russian Federation
, First Deputy Governor, Central Bank of the Russian Federation