Barry Eichengreen Predicts Three Reserve Currencies to Replace the Dollar

BUC Berkeley professor Barry Eichengreen speaks with Economy 4.0 special correspondent David Brancaccio about what the will replace the dollar as the world's reserve currency. Eichengreen is the author of "Exorbitant Privilege:The Rise and Fall of the Dollar and the Future of the International Monetary System," published by Oxford University Press. http://www.oup.com/us/catalog/general/subject/Economics/International/?view=usa&ci=9780199753789

Comments

1. A lot of 'ifs' there. Ten years down the road, the US and European states are going to be wallowing in their sovereign debt insolvency. It's hard to know what will be happening in China, but they seem to be trying to learn the wrong lessons from the west. What the world needs for a 'reserve' currency is a store of value that cannot simply be run off a printing press to serve the exigencies of whomever controls the press. In other words, we need to go back to a gold standard.