Climbing Greenback Mountain
The article covers much more than the yuan vs the dollar, describing the nature of and problems with reserve currencies in a manner that is Succinct, accurate and easy to understand. This is as good a review for understanding reserve currencies in a post-gold-standard world as I have come across. on the nature of and problems with reserve currencies. This is as good a review for understanding reserve currencies in a post-gold-standard world as I have come across. Let me know what you think.
The Economist Online today published an excellent article entitled "Climbing Greenback Mountain: The yuan is still a long way from being a reserve currency, but its rise is overdue."
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