The economist gathers to the SDR viewpoint
SDR isn't a kind of currency, but only is a kind of bookkeeping unit that IMF provides to believe a loan toward member's country.SDR can not used for interfering foreign exchange market as well as used for carrying on bargain with participant in the market.SDR doesn't have an attraction to official storage.
The international storage position of U.S. dollar is because American financial market is without the depth and liquidity that can match.In addition, the use of U.S. dollar also has system inertial Minnesota Twins Hats and network exterior.
SDR wants to make materiality progress and needs to be organic to reach to act as to be a city company for the private bargain and the authorities bargain, and primevally subsidize a market.This organization should be IMF.Chinese government can also publish on one's own initiative at the same time some with the bond that SDR accounts price.
Before SDR becomes a kind of truely international currency, IMF has to express more to be like global National Central Bank and international end loan a person.
Http://the www.project-syndicate.org/commentary/eichengreen 4/English
each member's country combine to distrust IMF to serve as world the job of the central bank.
Http://the www.project-syndicate.org/commentary/eichengreen 26/English
Jeffrey Sachs:
Crisis requests to change an international currency system, U.S. dollar should not become an unique world storage currency, we need to be a kind of new, the currency frame of globalization.
http://finance.ifeng.com/topic/renmingbi/forex/whyw/20090706/890443.shtml
Paul Krugman:
If the international community is NBA Jerseys & hats still each in the public finance policy and goes it yes words, how may produce a kind of world currency?The predicament of euro area has already confirmed this currently.The person who approves a SDR suggestion there is no full comprehension to the nation of any issue Fiat-money, the close relation between the public finance policy and the monetary policy.The political elite of the United States in no case will support this proposal until American government can control IMF and SDR.SDR is nothing but a paper tiger.
see more:The poor standard promotes to 1500 dollars
The international storage position of U.S. dollar is because American financial market is without the depth and liquidity that can match.In addition, the use of U.S. dollar also has system inertial Minnesota Twins Hats and network exterior.
SDR wants to make materiality progress and needs to be organic to reach to act as to be a city company for the private bargain and the authorities bargain, and primevally subsidize a market.This organization should be IMF.Chinese government can also publish on one's own initiative at the same time some with the bond that SDR accounts price.
Before SDR becomes a kind of truely international currency, IMF has to express more to be like global National Central Bank and international end loan a person.
Http://the www.project-syndicate.org/commentary/eichengreen 4/English
each member's country combine to distrust IMF to serve as world the job of the central bank.
Http://the www.project-syndicate.org/commentary/eichengreen 26/English
Jeffrey Sachs:
Crisis requests to change an international currency system, U.S. dollar should not become an unique world storage currency, we need to be a kind of new, the currency frame of globalization.
http://finance.ifeng.com/topic/renmingbi/forex/whyw/20090706/890443.shtml
Paul Krugman:
If the international community is NBA Jerseys & hats still each in the public finance policy and goes it yes words, how may produce a kind of world currency?The predicament of euro area has already confirmed this currently.The person who approves a SDR suggestion there is no full comprehension to the nation of any issue Fiat-money, the close relation between the public finance policy and the monetary policy.The political elite of the United States in no case will support this proposal until American government can control IMF and SDR.SDR is nothing but a paper tiger.
see more:The poor standard promotes to 1500 dollars
