Good morning, and welcome to the inaugural conference on the International Roles of the U.S. Dollar. Thank you all for participating and for lending your expertise on this important topic. This conference marks the first use of our new Martin Conference Center, which I hope you enjoy. The international financial and monetary system that emerged after World War II has been defined by the centrality of the dollar. It is the world's reserve currency and the most widely used for payments and investments. As outlined in recent work by Board staff, this global preeminence has been supported by the depth and liquidity of ... (full story)