"synthetic hegemonic currency" is a delicious phrase to hear in any circumstance but definitely moreso from the head of a major global financial institution floating it as something we maybe need to replace USD as global reserve currency with it's all happening folks
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I have no idea why he would argue that "a multipolar system would reduce those spillovers and help minimize the volatility." Yes its different to the present system, but that's not evidence of his alternative being better. Better someone has exorbitant privilege than no-one?
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