Krugman: no big deal- October 26, 2003 Princeton Economics professor and New York Times columnist Paul Krugman says there's not really anything to be concerned about in changes to the use of the US dollar as an international reserve currency. His opinion is that the dollar's reserve...http://mg.blogs.com/reserve/2003/10/krugman_no_big_.html The Dollar Bubble- October 25, 2003 Arnold Kling on the overvaluation of the US dollar: Even though the dollar is overvalued, it is impossible for the United States to suffer a currency crisis of the sort experienced by Asian countries in the late 1990's or Latin...http://mg.blogs.com/reserve/2003/10/the_dollar_bubb.html Definitions- October 25, 2003 Now for some definitions: A reserve currency is "a foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims." Special Drawing Rights (SDRs): "Created in 1969 by the...http://mg.blogs.com/reserve/2003/10/definitions.html |