CSPAN3 Key Capitol Hill Hearings June 10, 2014
Attractiveness of the dollar as compared to other things, its also true that a lot of these regimes are pretty multilateral, so in those circumstances, it doesnt really create competitive advantages to the dollar. I would say more importantly, the basic dimensions of why the dollar is the worlds reserve currency, at least as far as my eye can see, are unlikely to go away, and in particular, since its a comparative judgment, because Something Else would have to replace the dollar as the worlds reserve currency, as far as my eye can see, i couldnt see Something Else being a meaningful competitor...