Faculty of Science at the University of Melbourne
The University is committed to hosting events and activations on its campuses in a COVIDSafe way, in accord with government restrictions and guidelines. Some of our events are presented on campus, others online – be sure to check the details. Find out more about the University’s COVIDSafe plans
Join artists Andy Butler, Lisa Hilli and James Nguyen, for a walkthrough of our current exhibition, Collective Unease.
Collective Unease is a bold exhibition of three new commissions inspired by the University of Melbourne’s students, archives and collections. The three works by each artists move beyond colonial narratives to a complex, multi-voiced understanding of Australia inflected by experiences of migration and diaspora. In the face of difficult histories and an uncertain future, these works emphasise themes of self-representation, empowerment and optimism.
Co-curated by Samantha Comte and Jacqueline Doughty, the exhibition forms part of the University of Melbourne’s Ian Potter Museum of Art’s artistic program, and is presented inside the Old Quad, at the centre of the University’s Parkville campus.
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.