The Political Economy of International Money: Common Currencies, Currency Wars and Exorbitant Privilege

Thursday, April 3, 2014 until Friday, April 4, 2014 (6:00 PM – 4:00 PM)


A Jno. E. Owens Memorial Foundation Conference

Presented by the Tower Center and the Federal Reserve Bank of Dallas.

The conference will bring together scholars and policy experts to discuss the current state of thinking in this broad and controversial area, including: Positive and negative effects of capital flows; Shared currency areas with an emphasis on the euro zone; Currency wars and international monetary arrangements.


  • Reception     Thursday, April 3, 2014 | 6–9 p.m.
  • Conference     Friday, April 4, 2014 | 7:45 a.m.–4 p.m.


  • Reception     Ernst  & Young Gallery | Fincher  Hall, SMU | 6212  Bishop Blvd.
  • Conference     Federal  Reserve Bank of Dallas | 2200 N.  Pearl St.


  • Standard  registration: $25. Register nowOffsite (Members of the Tower Center Forum, Fellows & Associates, please register at for free admission tickets.)
  • Student  registration: There is no fee to attend, but you must register in advance. Register nowOffsite
  • Deadline  to register: Monday, March 31


Thursday, April 3   Ernst  & Young Gallery, SMU
6 p.m. Reception
6:45 p.m. Welcome and Dinner
James F. Hollifield
Director,  Tower Center, and Professor of Political Science, Southern Methodist University
7:30 p.m. Presentation
Jeffry Frieden
Professor of Government,  Harvard University

“Why the ECB Should Buy US Treasury Bonds Instead of Euros”

9 p.m. Adjourn
Friday, April 4     Federal Reserve Bank of Dallas
7:45 a.m. Registration and Continental Breakfast
8:30 a.m. Welcoming  Remarks
Mark Wynne
Vice  President, Associate Director of Research and Director of the Globalization and Monetary Policy  Institute, Federal Reserve Bank of Dallas
8:45 a.m. Setting  the Stage on International Money
Ronald McKinnon
William D. Eberle Professor of International Economics (emeritus), Stanford University
9:15 a.m. Capital  Flows
Moderator: Scott Davis, Federal Reserve Bank of Dallas
Frank Warnock, University of Virginia
Michael Klein, Tufts University
Carol Bertaut, Federal Reserve Board of  Governors
10:45 a.m. Break
11 a.m. Shared Currency Areas
Moderator: Thomas Osang, SMU
Hubert  Kempf, University of Paris
Paolo  Pesenti, Federal Reserve Bank of New York
Michael  Bordo, Rutgers University
12:30 p.m. Luncheon
Keynote  Speaker: Jeffrey  Frankel
James W. Harpel Professor of Capital Formation and Growth, Harvard  University
2 p.m. Currency  Wars/International Monetary Arrangements
Moderator: Mark Wynne, Federal Reserve Bank of Dallas
Benjamin Cohen, University  of California, Santa Barbara
Lawrence  Broz, University of California, San Diego
Benn Steil, Council on Foreign Relations
Nathan Sheets, Global Head of  International Economics, Citigroup
3:45 p.m. Closing Remarks
4 p.m. Adjourn

Contact Information

For more information, contact Ana Prats at  214-922-5189 or

Special thanks to our dinner host SMULogoCoxRB