On June 17, 2025, the Wharton Initiative on Financial Policy and Regulation and the International Monetary Fund co-hosted the IMF-WIFPR Conference on the Evolving Global Financial Architecture at the IMF Headquarters in Washington D.C.
WIFPR and the IMF brought together a distinguished group of academic researchers, practitioners, and policymakers to explore the implications of rising fragmentation in the international economic order for global macro-financial stability. Amid heightened economic uncertainty, this conference fostered a timely dialogue and promoted a deeper understanding of the evolving global financial landscape. Browse photos from the conference that feature Wharton’s finance faculty.
WIFPR Director Itay Goldstein moderated a keynote panel titled, “Navigating Change—The Future of Global Financial and Payment Systems.” This panel discussed the recent dollar volatility, the future of the dollar, currency hegemony, and prospects for a more multipolar international monetary system.
Panelists included Robin Brooks (Brookings), Wenxin Du (Harvard), and Jesus Fernandez Villaverde, professor of economics at the University of Pennsylvania, who spoke about his research on geopolitical fragmentation and international currency dominance.
In the session on the “Evolving Architecture of Global Banking and Payments,” Amy Wang Huber, assistant professor of finance at Wharton, offered a fascinating discussion of the paper, “The Global Network of Liquidity Lines by Saleem Bahaj (University College London), Marie Fuchs (LSE), and Ricardo Reis (LSE).
The IMF and WIFPR plan to continue this collaborative effort with annual conferences tackling critical topics at the forefront of financial stability, macroeconomic effects, and policy strategies.