Steven Kamin and Mark Sobel on the Current State of Dollar Dominance

Steven Kamin is a senior fellow at the American Enterprise Institute, was previously the director of the Division of International Finance at the Federal Reserve Board, and is a returning guest to the podcast. Mark Sobel is the US Chairman at the Official Monetary and Financial Institutions Forum, and he previously served at the US Department of the Treasury for nearly four decades, including as Deputy Assistant Secretary for International Monetary and Financial Policy from 2000 to early 2015. Also, from 2015 through 2018, Mark served as a US representative at the IMF. Steven and Mark join Macro Musings to talk about dollar dominance and whether or not it is here to stay. Specifically, Steven and Mark also discuss current debates surrounding dollarization, the threat that China poses to dollar dominance, the weaponization of the dollar in the global economy, and a lot more.   Transcript for this week’s episode.   Steven’s Twitter: @steven_kamin Steven’s AEI profile   Mark’s Twitter: @sobel_mark Mark’s CSIS profile   David Beckworth’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our Macro Musings merch!   Related Links:   *Dollar Dominance is Here to Stay for the Foreseeable Future—the Real Issue for the Global Economy is How and Why* by Steven Kamin and Mark Sobel   *Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar* by Macro Musings   *US Sanctions Reinforce the Dollar’s Dominance* by Michael Dooley, David Folkerts-Landau, and Peter Garber