Conservative Economic Commentary | Topic: Scientific American

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Subject: Scientific American

Scientific American (informally abbreviated SciAm) is a popular science magazine.In 1986 it was sold to the Holtzbrinck group of Germany, who have owned it since. In the fall of 2008, Scientific American was put under the control of Nature Publishing Group, a division of Holtzbrinck. (Wikipedia Feb 2010)

International finance

Who chooses the global reserve currency?

By John Schroy, on May 23rd, 2009 |

2 comments

Who determines the ‘world reserve currency’? Central bankers? IMF officials? College professors?

The answer is ‘none of the above’. In an open, global economy, the world reserve currency is determined by the judgment of millions of importers and exporters in many countries.

The world reserve currency is decided by consensus and the personal decisions of exporters as to what currency they will accept for their goods.

On this basis, it’s too early to count the dollar out.

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