IMF-WIFPR Conference on the Evolving Global Financial Architecture
IMF Headquarters
Washington, DC
June 17, 2025
| 8:30-9:30am | Registration and Breakfast |
| 9:30-9:45am | Welcome Remarks: Tobias Adrian (IMF) and Itay Goldstein (Wharton) |
| 9:45-11:45am | Session 1: Debt Capacity, Safe Assets, and Monetary Policy Chair: Mahvash Qureshi (IMF) |
| Carolin Pflueger (Chicago) and Pierre Yared (Columbia and Council of Economic Advisers), “Global Hegemony and Exorbitant Privilege” Discussant: Rohan Kekre (Chicago) |
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| Zefeng Chen (Peking University), Zhengyang Jiang (Northwestern), Hanno Lustig (Stanford), Stijn Van Nieuwerburgh (Columbia), and Mindy Z. Xiaolan (UT Austin), “Exorbitant Privilege Gained and Lost: Fiscal Implications” Discussant: Moritz Lenel (Princeton) |
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| Veronica Guerrieri (Chicago), Guido Lorenzoni (Chicago), and Ivan Werning (MIT), “Global Price Shocks and International Monetary Coordination” Discussant: Ludwig Straub (Harvard) |
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| 11:45am-12:15pm | IMF Global Financial Stability Report Presentation Geopolitical Risks: Implications for Asset Prices and Financial Stability Salih Fendoglu (IMF) and Felix Suntheim (IMF) |
| 12:15-1:15pm | Lunch |
| 1:15-1:45pm | Keynote Remarks: Maurice Obstfeld (PIIE and UC Berkeley) |
| 1:45-2:45pm | Keynote Panel: Navigating Change–The Future of Global Financial and Payment Systems |
| Moderator: Itay Goldstein (Wharton) Robin Brooks (Brookings) Wenxin Du (Harvard) Jesús Fernandez-Villaverde (University of Pennsylvania) |
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| 2:45-3:00pm | Break |
| 3:00-5:00pm | Session 2: The Evolving Architecture of Global Banking and Payments Chair: Valentina Bruno (American University) |
| Chris Clayton (Yale), Amanda Dos Santos (Columbia/NYU), Matteo Maggiori (Stanford), and Jesse Schreger (Columbia), “International Currency Competition” Discussant: Narayana Kocherlakota (University of Rochester) |
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| Saleem Bahaj (University College London), Marie Fuchs (LSE), and Ricardo Reis (LSE), “The Global Network of Liquidity Lines” Discussant: Amy Huber (Wharton) |
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| Tobias Berg (Goethe University), Jan Keil (Indian School of Business), Felix Martini (Frankfurt School of Finance and Management), and Manju Puri (Duke), “CBDCs, Payment Firms, and Geopolitics” Discussant: Amiyatosh Purnanandam (Michigan) |
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| 5:00pm | Concluding Remarks: Tobias Adrian (IMF) |
For a pdf version of the program, please click here.