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MIT Golub Center for Finance and Policy

Mission

The mission of the MIT Golub Center for Finance and Policy (GCFP) is to serve as a catalyst for innovative, cross-disciplinary and non-partisan research and educational initiatives that address the unique challenges facing governments in their role as financial institutions and as regulators of the financial system.

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MIT Golub Center for Finance and Policy

How Reserve Currencies Rise and Fall: Arvind Krishnamurthy on the US Dollar and the History and Horizons of the World’s Money

What makes the US dollar the world’s reserve currency—and how long will it keep that role? Financial economist Arvind Krishnamurthy delves into the history of the Dutch florin and British pound sterling for clues about what can make or break a global reserve currency today.

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Featured Events

CALL FOR PAPERS | MIT GCFP 13th ANNUAL CONFERENCE | October 29-30, 2026 • Cambridge, MA | Financial Regulation in an Era of Innovation and Disruption MIT Golub Center for Finance and Policy Financial Regulation in an Era of Innovation and Disruption Photo of Megan Greene, a fair-skinned woman with long brown hair and light eyes wearing a dark blazer, a light blue sweater, and a simple necklace, smiling. MIT Golub Center for Finance and Policy Setting Monetary Policy in a Shock-Prone World Photo of Mr. Tharman Shanmugaratnam, President of the Republic of Singapore MIT Golub Center for Finance and Policy President Tharman Shanmugaratnam MIT Golub Center for Finance and Policy logo 12th Annual Conference Image: Background, grayed-out image of the US Capitol building; foreground image of an old-fashioned brass scale with a green assets graph on the left pan and a red liabilities graph on the right pan (slightly tilted to show more weight), both containing value and GDP axes; Text: Reassessing Government Assets and Liabilities: Putting the Finance into Public Finance MIT Golub Center for Finance and Policy 12th Annual Conference

Featured News & Press

A man with gray hair wearing a dark suit and glasses stands at a podium speaking and gesturing with his hand MIT Golub Center for Finance and Policy Peter R. Fisher Named to Federal Reserve Communications Task Force Photo of Haoxiang Zhu MIT Golub Center for Finance and Policy GCFP Appoints Haoxiang Zhu as Co-Director Bennet Golub MIT Golub Center for Finance and Policy Bennett W. Golub Named to 2026 FIASI Hall of Fame photo of a man with fair skin and gray hair wearing a navy blue shirt and jacket MIT Golub Center for Finance and Policy Meet Our New Executive Director

RECENT RESEARCH FROM THE GOLUB CENTER

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