Money Movements across the Globe – Causes and Consequences
Seminar"/>

Money Movements across the Globe – Causes and Consequences
Seminar

Money Movements across the Globe – Causes and Consequences

Since 1945 trade and investment between nations has expanded rapidly. Yet despite the high quality of its workforce, vast amounts of natural resources, and tremendous amounts of physical capital, the United States persistently buys more from other countries than it sells to them. Politicians periodically accuse other nations of manipulating exchange rates to favor their exports, while ignoring (or pretending to ignore) the fact that the value of the US Dollar, once convertible into gold, has eroded over time.

In this class Allen Smith charts the growth of global trade, explains its accounting, and studies the money flows between nations. Allen analyzes the structural changes that took place in the US monetary system and the impact of the purchasing power of the US Dollar on the US trade deficit.

We kindly ask students to do some research and come prepared to discuss these topics:

  • January 29: The Foreign Exchange Market—What are consequences of floating exchange rates?
  • February 5: Do Trade Deficits Matter?
  • February 12: US Dollar as World Reserve Currency—For how much longer? What are consequences if this changes?

Note: This seminar is open to all, but priority will be given to students who have taken the course on Money and Banking.

Related upcoming events

  • 2022-12-15 2:00 pm - 2022-12-15 3:30 pm

    HOUSING IN NEW YORK CITY – WHAT IT TAKES TO TACKLE THE AFFORDABILITY CRISIS

    The COVID-19 pandemic has exacerbated the housing affordability crisis affecting many American households, especially those living in large metropolitan cities like New York.  Although the federal and local governments have enacted various emergency responses, these were, at best, stop-gap measures.

    This panel aims to identify the root causes of the problem and present alternative pathways to a more enduring solution.

    Our panelists:

    • Hailie Kim: Housing Organizer for the Minkwon Center
    • William Spisak: Senior Program Associate at New Economy Project; Professor at Queens College
    • Celeste Hornbach: Senior Policy Advisor at Office of the New York City Comptroller
    • Marty Rowland: Senior Fellow at the Asset Leadership Network

    Date: Thursday, December 15th, 2022 – Time: 2:00 PM – 3:30PM ET

    Location: Online via Zoom

    Note: Access information for Zoom will be made available after registration.

    REGISTER NOW

  • 2023-01-16 6:30 pm - 2023-01-16 8:00 pm

    THE POLITICAL ECONOMY OF MARTIN LUTHER KING, JR.


    In this webinar, Edward Dodson examines the evolution in King’s thinking on how to address the issue of extreme poverty and the major ideas and events that influenced his life and work.
    Speaker: Edward J. Dodson

    Date: Mon, January 16, 2023
    Time: 6:30 PM — 8:00 PM ET

    A link to join the webinar will be provided via email before the start of the session.