Friday, August 21, 2009
Stiglitz Sees Risk to Dollar, Need for Reserve System
The dollar’s role as a good store of value is “questionable” and the currency has a high degree of risk, said Nobel Prize-winning economist Joseph Stiglitz.
“There is a need for a global reserve system,” Stiglitz, a Columbia University economics professor, said at a conference in Bangkok today. Support from countries like China should ensure orderly discussions on a new reserve system, he added...
Bloomberg: Stiglitz Sees Risk to Dollar, Need for Reserve System
“There is a need for a global reserve system,” Stiglitz, a Columbia University economics professor, said at a conference in Bangkok today. Support from countries like China should ensure orderly discussions on a new reserve system, he added...
Bloomberg: Stiglitz Sees Risk to Dollar, Need for Reserve System
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