DOLLAR DOMINANCE
VOL. 10, NO. 5, PGS. 8–15

ESPAÑOL

Taking the Dollar's Pulse: The Vital Signs of a Dominant Currency
A conversation with Kenneth Rogoff

Kenneth Rogoff is Maurits C. Boas Professor of International Economics at Harvard University, former chief economist at the International Monetary Fund (IMF), and an elected member of the National Academy of Sciences and the American Academy of Arts and Sciences. He is the author of Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead.

How important are exchange rates for a country’s economy? Can a bad exchange rate damage an economy? Can a favorable one help it?

It’s a very important variable for any country’s economy. It reflects many things, ranging from the price of oil, as in Venezuela, to fiscal policy, to central bank policy. Think of it this way: if you have a high temperature, that is an important signal about your body, but it [...]

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