The news and statements made over the past few months concerning the U.S. dollar have been very bold. The IMF and the UN have stated their concerns over the status of the U.S. Dollar as a Reserve Currency. This subject isn't anything new and has been discussed for the past few years... but it appears now that the matter has been settled.July 2, 2010
Global imbalances and exchange-rate movements: governance and coordination at the international level
In an interdependent world, however, it is wrong to regard a strong profit-investment nexus as a sufficient condition for sustained economic growth. There must also be markets available to absorb the potential expansion in output that this implies.
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