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Paul Mason on the future for the dollar
20th October 2009
Paul Mason’s excellent short video report appeared on Newsnight last Friday and it considers whether the US dollar (currently weak in global currency markets) will continue to ebb away as the reserve currency of choice for international transactions? The Yen and the Euro are making strides and there is pressure from the Chinese for a new currency to emerge perhaps as a development of the special drawing rights organised by the IMF. The BBC video links to a follow up discussion featuring Irwin Steltzer and Linda Yueh from Oxford University. A good discussion-starter for A2 macroeconomists.
Watch Are dollar’s days as world currency numbered?
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.