at the University of Melbourne
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2023 Finch Public Lecture presented by Professor Maurice Obstfeld, University of California, Berkeley
The Dollar in the World Economy after 50 Years of Floating
The U.S. dollar’s nominal effective exchange rate closely tracks global financial conditions, which themselves show a cyclical pattern. Over that cycle, world asset prices, leverage, and capital flows move in concert with global growth, especially influencing the fortunes of emerging and developing economies (EMDEs). After the initial market panic and upward dollar spike at the start of the COVID-19 pandemic, the dollar fell as global financial conditions eased; but the higher inflation that followed has induced central banks everywhere to tighten monetary policies more recently. The dollar strengthened considerably after mid-2021 and a contractionary phase of the global financial cycle ensued, but the dollar’s exchange rate has moderated recently, and accordingly, global financial conditions have eased.
The dollar’s continuing centrality to the international monetary system has belied predictions in the early 1970s that floating exchange rates would make the dollar less central to the world economy.
This lecture will be delivered in-person. Join us for pre-lecture drinks from 5.30pm onwards.
This recital is presented as part of the Hanson Dyer Hall Concert Series. All concerts in this series can also be streamed live via our website.
A recital featuring Joel Brennan (Associate Professor - Trumpet and Deputy Associate Dean (Research)), Derek Jones (Associate Professor - Flute and Head of Woodwinds) and Jerry Wong (Associate Professor - Piano and Head of Keyboard). The repertoire will consist of all living Australian composers. Four of the seven composers are Conservatorium staff members. One work will be a world premiere and another an Australian premiere.
The repertoire involving flute and trumpet is all intended to eventually be recorded and released on commercial CDs
Joel Brennan, trumpet
Derek Jones, flute
Jerry Wong, piano
Light Form for Trumpet and Piano
Sunrise Over Silverleaves for Trumpet and Piano
Silken Weave for Trumpet and Piano
Sonata for Flute and Piano
Bali Moods for Flute and Piano
Glisten for solo piano
Three Mini Concert Etudes
All venues at the Southbank campus are wheelchair accessible. To read more about access services available at our venues, please visit: https://finearts-music.unimelb.edu.au/access-our-events