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The real economics at work here are the economies of scale that comes with being the reserve currency of the world. Whoever owns the reserve currency holds the
by nickpinkston 17y ago
The real economics at work here are the economies of scale that comes with being the reserve currency of the world. Whoever owns the reserve currency holds the keys to the global economy - they're not backing anytime soon. Some say it could be 2022 when the Euro > Dollar.
PDF: http://www.ssc.wisc.edu/econ/archive/wp2006-01.pdf http://www.ssc.wisc.edu/econ/archive/wp2006-01.pdf