Brad Setser points out that India doesn't peg to the dollar as much as China; India's forex reserves are falling, (this is me: while China's forex reserves are probably rising).
So we need to understand that the only really significant support for the US dollar's status as a central bank reserve currency comes from China, among state actors.
I think there is some risk that the US dollar can in the medium term lose its status as a central bank forex reserve currency.
Author: Prashant Narang
-
Prashant Narang is a researcher at TrustBridge Rule of Law Foundation.
On this blog:
- *When remedies become regulation: The Karnataka High Court'...
4 days ago
No comments:
Post a Comment