23.05.2012 - A formula to end the dollar’s reserve currency domination
One reserve currency to rule them all. But does it need to be this way? Or is it indeed possible to have two, or even several such currencies? Or to get straight to the heart of it: can the euro or Chinese yuan ever have the status of the US dollar? FT Alphaville has previously traced the historical travels of the US dollar on its road to reserve currency stardom, and discussed some of the things we would expect to see before other currencies could share the podium...............................................Full Article: Source
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