Dollar Dominance, Deterrence, and Denial

Summary:
This talk examines how the United States leverages the dollar’s global dominance as a national security tool. By employing strategies of deterrence and denial, the US uses its financial hegemony to influence other states and non-state actors. This financial dominance has prompted others to seek alternatives to mitigate their exposure to US monetary power presenting risks to the dollar’s primacy with significant security implications. Professor Carla Norrlöf will explore what these emerging dynamics mean for the future of US hegemony and global order.

Bio:
Carla Norrlöf is a Professor of Political Science at the University of Toronto. She has a degree in Political Science and Economics and specializes in International Relations. Her research focus is on the relationship between economics and security, great powers, international finance and monetary relations as well as inequality. She has published with Cambridge University Press, MIT Press and Oxford University Press as well as the Canadian Journal of Political Science, Conflict Management and Peace Science, Cambridge Review of International Affairs, Cooperation and Conflict, International Affairs, International Political Science Review, International Security, Review of International Political Economy and Security Studies. She serves on the editorial board of International Studies Review, International Studies Quarterly and International Theory. Professor Norrlöf has testified twice before Congress in the United States. Her opinion pieces and commentary have appeared in Foreign Affairs, The Globe and Mail, The Guardian, Le Monde, Newsweek, Project Syndicate and The Washington Post.