21.08.2009 - “Barbarians at the gate” to smash currency barriers? SWFs and special drawing rights
From Isj.tv: Sovereign wealth funds (SWFs) could have a role to play in the creation of a common global currency through the private use of Special Drawing Rights (SDRs), it has been suggested. A new paper from State Street looking at the future of SWFs describes how the funds have moved from being seen by some as “barbarians at the gate” to being feted as saviours of the financial system thanks to their refinancing efforts.............Full Article: Source
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