April 06, 2012 at 08:29 AM EDT
What Do Reserve Currencies Mean To You?
Yesterday FT Alphaville had a short bit about whether the Australian dollar was becoming “a” reserve currency. I put “a” in quotes because it would be hard to figure how there would be a bunch of reserve currencies–if there were, then it would be a different concept which is what the world might need. The [...]
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