... of the current governance instruments, and a democratic reform of the UN. The Dollar was from 1920s to 1960s the currency of a creditor country, and since the 1970s of an increasingly indebted one: it ...
2.
Global Imbalances and the Transition to a Symmetric World Monetary System
(Riccardo Fiorentini/Essay)
(Riccardo Fiorentini/Essay)
... monetary system based on the dollar as a dominant reserve currency. Part I examines global imbalances, the causes of the US external deficit and the consequences of the international monetary asymmetry. ...
... dollar as a reserve currency with the SDRs – to guarantee monetary and financial stability and a sustainable development for the global economy. ...