Rethink the Global Money Supply.

• Autores: Jeffrey D. Sachs
• Localización: Scientific American, ISSN 0036-8733, Vol. 300, Nº. 6, 2009, págs. 34-34
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This article discusses the potential economic benefits of the reduced use of the U.S. Dollar to denominate international currency reserves and international trade. A proposal by the Chinese government that they redenominate their debts so that they are pegged to a set of currencies used around the world including the European Union Euro, the Chinese Yuan, and the U.S. Dollar is described. The reaction of U.S. Treasury Secretary and the foreign exchange market to this proposal is considered.