Overview

Over seventy-five years ago, in the midst of World War II, delegates from 45 countries met in the New Hampshire town of Bretton Woods to define a global monetary system for the postwar world. Those arrangements have been challenged on many occasions, and yet their core premise--the U.S. dollar as the anchor currency for the world--remains very much alive. However, today's world is very different than the postwar era, and the dollar's role is being challenged. Transatlantic Leadership Network senior fellows Giovanni Tria and Angelo Federico Arcelli discuss these changes and explore whether a new monetary system is needed for a new world.

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9781737049159

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Giovanni Tria is Honorary Professor of Economics and President of the Center for Euro-Asian Studies at the University of Rome Tor Vergata. He has been Minister of Economy and Finance in the Italian government, Full Professor of Economics and Dean of the Faculty of Economics at University of Rome Tor Vergata, President of the Italian National School of Public Administration and member of the governing body of ILO for the Italian government. He worked as an economic expert in many Italian institutions and government bodies and for international organizations. He is member of the scientific committees of Italian think tanks and foundations and he is an editorialist for Italian newspapers. Angelo Federico Arcelli is currently a Senior Fellow at the Transatlantic Leadership Network (Washington, DC), a full Professor in Economy of Financial Intermediaries (International Institutions) at Guglielmo Marconi University (Rome, Italy) and a Senior Fellow at the Center for International Governance Innovation (CIGI, Waterloo, ON, Canada). Federico is also a partner in Oliver Wyman, a global strategic consulting firm. He has served as adviser to the vice president of the European Investment Bank (Luxembourg, 2004-2008) and then adviser and member of the executive board of the World Bank (Washington, DC-USA, 2008-2009). He was a Fellow at the Center for Transatlantic Relations of Johns Hopkins University SAIS from 2012-2018. He holds a degree (MSc) in economics from Bocconi University (Milan, Italy) and a PhD in economic history from the same university.

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