Guest speaker Linda Goldberg, a vice president and head of the International Research area at the New York Fed, will show that in today's global economic environment, dollar depreciations have asymmetric impacts on exports relative to imports. She will argue that the wide use of the dollar as the invoicing currency in international trade transactions affects how exchange rate movements influence traded goods prices in different countries and trade balance adjustments. In her analysis, substantial dollar depreciation will not provide much relief for U.S. producers competing with importers; however, markets for U.S. exports could really grow. This research is of particular interest to businesses involved in or exposed to international trade.
This Fed Forum is in collaboration with the World Trade Center Buffalo Niagara.
The Fed Forum series brings speakers from the Federal Reserve System to upstate New York business and community leaders to enrich the public dialogue around issues of regional interest and concern.
Wednesday, June 14
12:00 p.m. - 1:30 p.m.
Federal Reserve Bank of New York's Buffalo Branch
40 Fountain Plaza, Suite 650
Buffalo, New York, 14202