China has suggested the adoption of a single global reserve currency citing the dangers of relying upon one national currency (US$). The currency would be underwritten by the IMF.<\/p>\n
It would certainly be helpful to move towards a more balanced global currency regime. The euro is a step in this direction because it is weighted by a number of large economies.<\/p>\n
A single Asian currency has been mooted for some years, one of its underpinning rationales being monetary integration<\/a>.<\/p>\n A single global currency would be a big step towards the inevitable emergence of energy becoming the single currency<\/a> of humanity allowing integration with the biosphere.<\/p>\n See BBC China suggests switch from dollar<\/a>.<\/p>\n See FT China calls for new reserve currency<\/a>.<\/p>\n See People’s Bank of China essays Reform International Financial Regulatory Framework: A Few Remarks<\/a> (pdf here<\/a>) and Reform the International Monetary System<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" China has suggested the adoption of a single global reserve currency citing the dangers of relying upon one national currency (US$). The currency would be underwritten by the IMF. It would certainly be helpful to move towards a more balanced global currency regime. The euro is a step in this direction because it is weighted …
Continue reading A single global currency.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3,11],"tags":[],"class_list":["post-709","post","type-post","status-publish","format-standard","hentry","category-holonics","category-interest-rates-and-currencies"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-br","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=709"}],"version-history":[{"count":3,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/709\/revisions"}],"predecessor-version":[{"id":712,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/709\/revisions\/712"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}