Welcome, everyone, to Inside Economics, coming to you from Davos.
I'm Rachna Schanbaugh, the economist, business affairs editor.
On the far side is Henry Kerr, our economics editor and my co-host.
Venezuela, Greenland, whatever else comes next.
Donald Trump is turning geopolitics on its head,
straining long-established relationships and alliances.
and with threats and tariffs abroad America seems intent on undermining its hegemony.
So it's a natural time to ask whether this is going to translate across to America's financial dominance and whether changes are coming for the financial landscape as well.
To discuss this we're very pleased to be joined by Ken Rogoff and Gita Gopinath.
Gita, until last year,
was the first deputy managing director of the IMF and is now a professor at Harvard.
Ken, also Harvard, also previously of the IMF,
and an author of a very wild time book published last year on the dollar, Our Dollar, Your Problem.
Thank you for being with us.
Thank you.
So if we start first, Henry, with what's happened to the dollar,
that seems to be a good place for the discussion.
Talk us through what's happened over the past year.
Yes, well,
it's a great time to be discussing this