The explosion of debate on the demise of the dollar has been instructive, though vastly premature. What is striking, however, is the absence of the euro from talk of alternatives as the global currency. Currency baskets, SDRs, even internationalisation of the renminbi, have been mooted, but not the obvious alternative.
圍繞美元沒落的大辯論頗具啓迪意義,只是時機遠未成熟。然而,引人注目的是,在討論誰能取代美元成爲全球貨幣時,人們對歐元避而不談。一籃子貨幣、特別提款權(SDR)乃至人民幣國際化,種種建議相繼出籠,惟獨不提明顯可以取代美元的歐元。
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