#  Emerging Markets and Currencies 

 



"[Is Trump Engneering the Decline and Fall of the US Dollar?](https://www.project-syndicate.org/commentary/mar-a-lago-accord-would-spell-the-end-of-dollar-dominance-by-jeffrey-frankel-2025-03)," *Project Syndicate*, March 20.  
  
"Geopolitical rifts: The International Role of the USD and EUR," SUERF-BAFFI, [European Money and Finance Forum](https://www.suerf.org/events/geopolitical-rifts-what-implications-for-the-international-role-of-the-usd-and-eur/), June 16, 2025, slides.

"[The Election-Devaluation Cycle](https://www.project-syndicate.org/commentary/elections-this-year-will-test-nordhaus-devaluation-theory-by-jeffrey-frankel-2024-04)," [*Korea Herald*](https://www.koreaherald.com/view.php?ud=20240430050924)*,* May 1. [*VoxEU*](https://cepr.org/voxeu/columns/elections-and-devaluations), CEPR, May 2024.

"Systematic Managed Floating,"[ Ppt slides](/file_url/1372), Robert Mundell Distinguished Lecture, The Center at 50, ICMB, Geneva, 27 Oct., 2023

"Fifty Years of Floating," [*Project Syndicate*](https://www.project-syndicate.org/commentary/bretton-woods-demise-fifty-years-later-by-jeffrey-frankel-2023-03) and the [*Korea Herald*](https://www.koreaherald.com/view.php?ud=20230321000755)., March 22, 2023.

"[What Three Economists Taught Us About Currency Regimes](https://www.project-syndicate.org/commentary/cooper-mundell-williamson-exchange-rate-regimes-by-jeffrey-frankel-2021-04)," [*Project Syndicate*](http://www.project-syndicate.org/contributor/jeffrey-frankel), April 21, 2021.   
"[What Three Economists Taught Us About Currency Arrangements](https://voxeu.org/article/what-three-economists-taught-us-about-currency-arrangements)," *VoxEU*, May 2, 2021.

"[The Currency-plus-Commodity Basket Peg: A Proposed Monetary Regime for Commodity-Exporting Countries,](/file_url/633)" [Ppt presentation](/file_url/617), for LACEA, Guayaquil, Ecuador, Nov. 10, 2018.

Comment on “'The Role of U.S. Monetary Policy in Global Banking Crises' by Durdu, Martin & Zer," [Ppt](/file_url/631) (incl.appdx), [PDF](/file_url/632); IMF Annual Research Conference, Nov. 2, 2018.

"Outlook: Holes in the Roof," [Powerpoint](/file_url/554) ([pdf](/file_url/555)[)](/file_url/552), RCC at Harvard Executive Program, May 7, 2018.

"Comments on “Macroprudential FX Regulations: Shifting the Snowbanks of FX Vulnerability,” [Ahnert, Forbes, Friedrich & Reinhardt](http://papers.nber.org/conf_papers/f102919/f102919.pdf)," [slides](/file_url/531) ([pdf](/file_url/532)), [NBER Conference on Capital Flows, Currency Wars & Monetary Policy](http://papers.nber.org/sched/CWs18), Emmanuel Farhi & Sebnem Kalemli-Ozcan, Organizers, Cambridge MA, April 5-6, 2018.

"[Systematic Managed Floating,](/file_url/301)" [Powerpoint](/file_url/303) ([pdf](/file_url/304)) presentation for 4th Asian Monetary Policy Forum, 2017, May 26, Shangri-La, Singapore.  
  
[Comment on](/file_url/931) "Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications and Some Evidence,” by Olivier Blanchard, Jonathan Ostry, Atish R. Ghosh & Marcos Chamon, IFM, NBER Summer Institute, July 12, 2016. [Ppt slides](/file_url/932).  
  
"[Vulnerability Among Emerging Markets](http://www.hks.harvard.edu/fs/jfrankel/SSgA2014EMsVuln.pptx)," [pdf](http://www.hks.harvard.edu/fs/jfrankel/SSgA2014EMsVuln.pdf), SSgA, Oct. 9, 2014.  
  
"[The Fed and EMs,](http://www.hks.harvard.edu/fs/jfrankel/Fed&EMs2014IstanbulJun.pptx)" conference hosted by Central Bank of Republic of Turkey, Istanbul, June 13-14, 2014.  
  
"[U.S. Tapering and Asian Exchange Rate Policy](http://www.hks.harvard.edu/fs/jfrankel/KEA-Fed&Exrates26May2014.pptx)," Korean Economic Association, Seoul, May 26. "[US Monetary Policy & East Asia](http://www.hks.harvard.edu/fs/jfrankel/FRB&EMsKRXintervw2014Engl.docx)" interview, *KRX* magazine, August 2014  
  
"[The Fed and Emerging Markets: Another Crash?](http://www.hks.harvard.edu/fs/jfrankel/EMsIDEAsPHERE2014May15.pptx)" [IDEAsPHERE](http://belfercenter.ksg.harvard.edu/ideasphere2014.html?utm_source=SilverpopMailing&utm_medium=email&utm_campaign=Belfer%20Center%20at%20Ideasphere%202014%20(1)&utm_content=) [session](http://belfercenter.ksg.harvard.edu/publication/24237/fed_and_emerging_markets.html?utm_source=SilverpopMailing&utm_medium=email&utm_campaign=Belfer%20Center%20at%20Ideasphere%202014%20(1)&utm_content=&spMailingID=8659953&spUserID=MTI2ODM1NzczODQ), HKS, May 15, 2014.  
  
"[All Quiet on the Currency Front](http://www.project-syndicate.org/commentary/a-currency-war-without-warriors-by-jeffrey-frankel)," [*Project Syndicate*](http://www.project-syndicate.org/contributor/jeffrey-frankel), June 2013; e.g., [*Korea Herald*](http://www.koreaherald.com/view.php?ud=20130617000938)*,* June 17, 2013. Condensed from: "[Dispatches from the Currency Wars](https://www.project-syndicate.org/blog/dispatches-from-the-currency-wars)," June 11.

"[Currency Wars](http://www.hks.harvard.edu/fs/jfrankel/CurrencyWarsMar2013AEI.doc)," [presented at](http://www.hks.harvard.edu/fs/jfrankel/CurrencyWarsAEI2013Mar18.ppt) panel on "[Printing pressure: Global currency war](http://www.aei.org/events/2013/03/18/printing-pressure-global-currency-war-and-the-global-recovery/)," at American Enterprise Institute, March 18, 2013. [Video.](http://www.aei.org/events/2013/03/18/printing-pressure-global-currency-war-and-the-global-recovery/)

"[The Global Economic Environment for Emerging Markets](http://www.hks.harvard.edu/fs/jfrankel/MedellinMay3NoA.ppt)," Asobancaria, Medellin, Colombia, May 3, 2012. [Appendix slides](http://www.hks.harvard.edu/fs/jfrankel/MedellinMay3Appx.ppt). [ Video](http://www.youtube.com/watch?v=kBJfakR8Tpw) (Spanish translation).

"[Currency Wars](http://www.hks.harvard.edu/fs/jfrankel/CurrencyWarsDec2010.ppt)," Macquarie Securities, Dec. 8, 2010.

"[G20: Leadership Need Not Come Only from the G7](http://www.eastasiaforum.org/2010/10/28/g20-leadership-need-not-only-come-from-the-g7/)," Oct.28, 2010, [*East Asia Forum Quarterly*](http://www.eastasiaforum.org/quarterly/).

"[What's Hot and What's Not in Global Money](http://www.hks.harvard.edu/fs/jfrankel/GlobalCurrencyNewHot5Oct2010SSgA.ppt)," State Street Gloval Institute, Oct.19, 2010.

"[Unforeseen Global Economic Developments](http://www.hks.harvard.edu/fs/jfrankel/Windsor2010.ppt)," slides, Windsor Conference, Sept. 20, 2010.

“[Emerging Market Countries in the Global Financial Crisis](https://www.hks.harvard.edu/fs/jfrankel/CrisisMay2010ColombiaNoAp.ppt),” slides, *Insights in Development Thinking*, with COMFAMA, May 20, 2010.

“[On Global Currencies](http://www.hks.harvard.edu/fs/jfrankel/GlobalCurrencyECBJune2009.doc),” Keynote speech for workshop on [*Exchange Rates: The Global Perspective*](http://www.ecb.eu/events/conferences/html/jointbocecb-workshop2009.en.html), sponsored by the Bank of Canada and the European Central Bank, Frankfurt, June 19, 2009. [Powerpoint.](http://www.hks.harvard.edu/fs/jfrankel/GlobalCurrencyECBJun2008.ppt) [RWP09-026](http://web.hks.harvard.edu/publications/workingpapers/citation.aspx?PubId=6758), Sept.

["Have Financial Developments Made the International Monetary Fund Obsolete?"](http://www.hks.harvard.edu/fs/jfrankel/IntEcIMFnotObsolete.pdf) for *The International Economy*, March 1, 2007.

["Will rising US interest rates precipitate the next wave of emerging market crises?"](http://www.hks.harvard.edu/fs/jfrankel/Will_rising_US_interest_rates_precipitate.pdf) *The International Economy*, Winter 2005.

### "[A Crude Peg for the Iraqi Dinar](https://www.belfercenter.org/publication/crude-peg-iraqi-dinar)," *Financial Times,* June 13, 2003.

“Frankel challenges current consensus on need for pure fixed or floating exchange rate regimes” [Lecture at IMF Institute](http://www.imf.org/external/pubs/ft/survey/2000/082800.pdf), August 7, 2000; as reported in *IMF Survey*, vol. 29, no.17, August 28, 2000.

["No Single Currency Regime is Right for All Countries,"](http://www.hks.harvard.edu/fs/jfrankel/TESTIMNY.HBC.PDF) testimony before the House Committee on Banking and Financial Services, May 21, 1999.

["Dollarization in Latin America: Solution or Straitjacket?](http://www.hks.harvard.edu/fs/jfrankel/dollrztn%20imf.PDF)" remarks at the Council on Foreign Relations, Washington DC, April 6, 1999, and International Monetary Fund, June 24, 1999.