Why can’t we dollarize world currencies to avoid currency fluctuations?
June 8th, 2009
Thomas G asked:
There is no need to have floating currencies in the world because global trade is increasing and currency values are reflected in the trade of product, and not trade of currencies, anymore. It also eliminates speculation, which is responsible for ruining people’s lives (like the Asian Financial crisis in 1997/98)
SCHWARTZKOPF
There is no need to have floating currencies in the world because global trade is increasing and currency values are reflected in the trade of product, and not trade of currencies, anymore. It also eliminates speculation, which is responsible for ruining people’s lives (like the Asian Financial crisis in 1997/98)
SCHWARTZKOPF