Global currency answer to unstable world economy

This article asks whether floating exchange rates have proved to be the ideal replacement for the unsustainable adjustable exchange-rate pegs of the Bretton Woods monetary regime. If the global market economy is to thrive in the decades ahead, a global currency seems the logical concomitant, it concludes.

Click here to read the article "Global currency is the answer to unstable world economy" on The Straits Times web site

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