Skip to main content
A board displaying buying and selling rates is seen outside of a currency exchange outlet on July 31, 2019.

How do we police currency wars and manipulation?


Mark Sobel, the U.S. chairman of the Official Monetary and Financial Institutions Forum, joins Senior Fellow David Dollar to discuss contemporary issues in the international monetary system, including the strength of the dollar and what role a currency agreement could play in a U.S.-China trade deal. Sobel, who served as the U.S. representative at the International Monetary Fund, also offers his perspective on the challenges the IMF faces in trying to police currency manipulation, debates over how to fund the IMF, and whether the Fund has enough resources to adequately respond to a future economic crisis.

Subscribe to Brookings podcasts here or on Apple Podcasts, send feedback email to, and follow us and tweet us at @policypodcasts on Twitter.

Dollar and Sense is a part of the Brookings Podcast Network.

Related content: 

Scepticism on second Plaza accord

Is China really manipulating its currency?

Janet Yellen on monetary policy, currencies, and manipulation

Currency wars and dollar’s reserve role

‘Foolhardy’ to cry manipulation

US-China competition here to stay


Get daily updates from Brookings