Economics @ ITT

The Unloved Dollar Standard

Posted in economics, International Economics, macroeconomics by ittecon on January 24, 2013

Since World War II’s end, the US dollar has been used to invoice most global trade, serving as the intermediary currency for clearing international payments among banks and dominating official foreign-exchange reserves. This arrangement has often been criticized, but is there any viable alternative?

via The Unloved Dollar Standard by Ronald McKinnon – Project Syndicate.

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