This conference asks whether the tools built for an earlier era, monetary and financial coordination, trade liberalization, multilateral crisis response, can still function in this new environment, or whether entirely new arrangements are emerging in their place. Can the international monetary and financial system still deliver a coordinated response when a systemic crisis hits? Have advanced economies learned the lessons of the first China Shock quickly enough to face a second one? What does economic security really require of trade, energy and industrial policy, and at what cost? Is the dominance of the dollar being eroded by sanctions, stablecoins and geopolitical rivalry, or proving more resilient than expected? 

Program: 

9:00 - 9:05 | Welcome : Sébastien Jean, associate director of the Geoeconomics and Geofinance Initiative, Ifri and professor Cnam

9h05 - 10h15 | Session 1 | How are AI and the digitization of everything changing international economic and financial relations?

AI and pervasive digitization are transforming production, trade and finance simultaneously, reshaping comparative advantages, labor markets and capital flows. Payment systems, data flows and algorithmic decision making are becoming new arenas of economic power. Is this a change of degree, or a structural break in how international economic relations work? Who will set the rules?  

Antonin Bergeaud, associate proffesor, HEC

Coralie Billmann, president, Circle France

Brigitte Daurelle, non-executive director, CLS Group

Maiko Meguro, lead coordinator and senior policy analyst, Data Free Flow with Trust, OECD 

Chair : Mathilde Velliet, research fellow, Center for Geopolitics of Technology, Ifri 

10:15 - 10:30 | Coffee-break

10:30 - 11:45  | Session 2 |  The dollar under pressure: is the international monetary system fragmenting? 

Sanctions on Russia, the rise of stablecoins and growing interest in alternatives to SWIFT have all raised the question of dollar dominance. Yet the dollar's share of reserves and trade invoicing has proven remarkably sticky. Is the international monetary system genuinely fragmenting, or is resilience being mistaken for fragility? What would real fragmentation look like? What could be the early warnings? 

Agnès Bénassy-Quéré, deputy governor, Banque de France

Lorenzo Codogno, visiting professor in practice, London School of Economics and Political Science; founder and cheif economiste, Lorenzo Codogno Macro Advisors Ltd

Yves Perrier, chairman, Edmond de Rothschild

Brad Setser, Whitney Shepardson senior fellow, Council on Foreign Relations 

Chair : Sébastien Jean, associate director of the Geoeconomics and Geofinance Initiative, Ifri and professor Cnam

11:45 - 13:00 | Session 3 | Macroeconomic policies, trade, climate: what new types of coordination? 

Climate transition, trade tensions and diverging monetary cycles are colliding just as multilateral institutions struggle to adapt. Old coordination mechanisms, G7, G20, IMF surveillance, were not built for this combination of pressures. What new forms of coordination, formal or informal, are emerging to manage it? Can they hold?

Hakim Ben Hammouda, former Minister of Finance, Tunisia; executive director, Global Institute 4 Transitions

Marion Jansen, director for trade, OCDE

Jean Pisani-Ferry, Bruegel et PIIE senior fellow

Denis Redonnet, deputy director general and chief trade enforcement officer, European commission directorate general for trade 

Chair : Bernard Hoekman, professor, European university institute, Firenze