13 January 2010
In Currencies
Charles Wyplosz
Charles Wyplosz is a professor of economics at the Graduate Institute of Geneva and the director of the International Center for Monetary and Banking Studies.
12 January 2010
The international currency of choice, the dollar, is under the control of a single country, a worrisome arrangement. Even worse, this country has been running huge external deficits for more than a decade and is now the world’s single largest debtor.
Comment [2]
Link to this-
Share
Send an e-mail to let us know how we can make our site better.
- Global capital markets: Entering a new era
New research from the McKinsey Global Institute suggests that the forces fueling growth in financial markets have changed.
- Reform the international monetary system
Zhou Xiaochuan, China's central bank governor, calls for a new world currency, in a March 2009 speech.
09 Mar 2010 · 09:40:34 AM GMT
Today USD is the main acceptable currency for trading worldwide. 2008 recession has shattered US economy and today US has exceptionally high fiscal deficit, value and peoples faith on US $ has declined. Lot of countries has demanded to have some othe...—Deepak Agrawal
In response to The almighty dollar in 2025
08 Mar 2010 · 11:37:21 AM GMT
What about returning to the gold standard, since that is the only thing that has kept us from going into debt? I think it’s a good idea, if you ask me. It’s time to actually start thinking, because you guys haven’t been thinking, fo...—Giovanni
In response to Costs and benefits of issuing a reserve currency
07 Mar 2010 · 05:26:18 AM GMT
@Nicolas: You make a fair argument stating that the SDR is not to replace the U.S. dollar as a vehicle currency. Instead it should remain in the realm of official institutions (read Central Banks, IMF, etc. But, I doubt that the Central Banks ar...—Walter
In response to The dollar on the brink
06 Mar 2010 · 02:18:04 PM GMT
Why would people move to the cities when they have everything they need in the suburbs?—oscar