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Economic Crisis International Finance March 30, 2009

Explore the need for a new international reserve currency to secure global financial stability and facilitate world economic growth amidst the ongoing economic crisis. Discuss the concerns of China regarding their dollar asset holdings and the potential depreciation of the US dollar in the coming years.

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Economic Crisis International Finance March 30, 2009

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  1. Economic Crisis International Finance March 30, 2009

  2. Global Economy Today

  3. China (March 23) Reform the International Monetary System Zhou Xiaochuan The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial stability and facilitate world economic growth, which was one of the purposes for establishing the IMF? http://www.michaelschluter.com/fantastic_five/SDR_chart.gif http://www.pbc.gov.cn/english/detail.asp?col=6500&id=178

  4. IMF SDRs http://www.imf.org/external/np/fin/data/rms_sdrv.aspx

  5. US M2

  6. Discussion Why is China concerned about their dollar asset holdings? Why many believe the U.S. dollar will depreciate in the coming years? Why it is against China’s economic interest to not simply dump their dollar asset holdings in the global market? http://www.whitehouse.gov/

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