The head of the International Monetary Fund recently suggested that a global reserve currency "would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country." Would you support an alternative to the U.S. dollar?
Comments:
"No, because it works to our benefit to be that single dominant country. This is the benefit that offsetts being a global policeman, the major contributor to the IMF, and having asymmetrical import data structures."