This article discusses the fundamental flaws of the current global reserve system and the need for reform. The author highlights the issues of recessionary pressure, the use of U.S. dollar as a global currency, and growing inequity bias. The proposed alternatives include a multi-currency system, SDR based global reserve system, and complimentary reforms. The critical analysis of the article suggests that reform of the global reserve system is crucial to deal effectively and efficiently with global imbalance. The most desirable reform of this system includes moving to a multi-currency system and SDR based IMF with a reasonable core interest.

Read about the fundamental flaws of the global reserve system and the need for reform. Learn about the proposed alternatives and their critical analysis.

Why Should The Global Reserve System Be Reformed? - Desklib

Why Should The Global Reserve System Be Reformed?

This article discusses the flaws in the current global reserve system and suggests ways to prevent instability and provide security to developing countries. It also analyzes the benefits and drawbacks of moving to a Multi-Currency System and an SDR-Based Global Reserve System.

Why Should The Global Reserve System Be Reformed?

Why Should The Global Reserve System Be Reformed?lg...

Why Should The Global Reserve System Be Reformed?