With the election for Mr. Donald Trump as the next President of the United States, there is a good chance that economic policies of the United States will change significantly. What will be the macroeconomic effects of these policies on the US economy and by extension on the rest of the world, and in particular on the foreign exchange value of the US dollar?

The US Dollar is currently without doubt the dominant international currency. Eighty years ago, it was formally made the center of the international monetary system at the creation of the International Monetary Fund. Will this dominant position be challenged given the current geopolitical tensions?

The program will examine the near-term consequences of the Trump presidency on international macroeconomic relations one the one hand and the longer-term evolution of the international monetary system on the other.