[WEBINAR] The Fate of the Dollar, 50 Years after Nixon Let It Float

by Yale SOM Alumni Community


Thu, Jul 22, 2021

12 PM – 1 PM EDT (GMT-4)

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Please join us for a discussion with Yale SOM Dean Emeritus Jeffrey Garten on his new book, Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy. The book tells the story of how President Nixon and his team cloistered themselves over the weekend of August 13-15, 1971—50 years ago this August—and made the decision to sever the connection between the dollar and gold, and to announce it with no prior warning to a stunned world that Sunday night. This act became one of the most consequential economic decisions in the post-World War II era, leading to the end of the Bretton Woods system of fixed exchange rates, to fluctuating currencies backed only by government promises, to more financial instability, to more intense globalization, to a new kind of relationship between the U.S. and its allies—and even to a world that will be characterized by digital currencies. Garten will discuss some of the eerie parallels between the Camp David meeting and today, and he will look into the future of the dollar in a rapidly changing global economy.

When: July 22, 12:00 p.m. - 1 p.m.  ET
Register: https://yale.zoom.us/webinar/register/WN_pVBG332tQjKPtO0ZQQr6eg



Jeffrey E. Garten's profile photo

Jeffrey E. Garten

Dean Emeritus

Yale School of Management

Jeffrey E. Garten was dean of the school from November 1995 to June 2005 and has been teaching at the school since he stepped down. Prior to serving as dean, he was undersecretary of commerce for international trade, 1993-1995, where he focused on trade and investment negotiations and policy towards big emerging markets—particularly China, India, and Brazil. Before government service he spent 13 years on Wall Street. As a managing director of Lehman Brothers, he specialized in debt restructuring in Latin America, built up Lehman's investment banking business in Asia, and restructured some of the world's largest shipping companies in Hong Kong. Later he worked on mergers and acquisitions for the Blackstone Group. From 1997-2005 he wrote a monthly column for BusinessWeek on major challenges facing global business leaders. His articles have also appeared in the New York Times, the Wall Street Journal, the Financial Times, Foreign Affairs, and the Harvard Business Review.

Ranji Nagaswami ’86's profile photo

Ranji Nagaswami '86

Chief Strategy and Chief Commercial Officer, SVP Global

Founder, Aspen Finance Leaders Fellowship

Ranji is Chief Strategy and Chief Commercial Officer of SVPGlobal [Strategic Value Partners] a global investment firm managing nearly US$17 Billion in distressed debt and private equity investments. Through her 30+ year career in the investment industry, Ranji has held executive and portfolio management positions at world-class asset management firms. She was previously Chief Executive Officer of Hirtle Callaghan, a pioneer of the Outsourced Chief Investment Officer (OCIO) fiduciary model managing $20 Billion in client assets. She has held leadership roles at UBS Asset Management, AllianceBernstein, Bridgewater Associates and Corsair Capital. She also served as chief investment advisor to the administration of Mayor Michael R. Bloomberg for the City of New York's public employee pension plans.

Ranji has served on numerous Boards and Investment Committees including currently serving on the Curtis Institute Investment Committee, and previously as a member of the Yale University Investment Committee, the Yale School of Management Advisory Board, and the North American Council of Ashoka, a global fellowship of social entrepreneurs, among others. She earned a Bachelor of Commerce from Mumbai University in India, an MBA from the Yale School of Management and is a Chartered Financial Analyst.

Ranji is a Henry Crown Fellow of the Aspen Institute and moderator for the Aspen Global Leadership Network. Her chief life mission outside of her professional endeavors is to deepen the crucial connection between Finance and Society through the Aspen Finance Leaders Fellowship, which she founded at the Aspen Institute. Ranji relies greatly on her husband Bo Hopkins, a professor at Yale University and their two grown children Mira and Jay for their shared laughter, love and courage.

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