Attentive and loyal readers of this blog will recall that I wrote, almost exactly a year ago, about China’s proposal to replace the dollar as the world’s reserve currency with the special drawing right (SDR), a unit of account used by the IMF, which is based on a weighted basket of currencies...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
05-12-2010
Filed under:
Filed under: reserve currency, bailout, Britain, Angela Merkel, Dominique Strauss-Kahn, European Union, Greece, SDR, Bulgaria, euro, Ireland, IMF, Spain, Romania, dollar, Portugal, Greek