Will multiple currencies help?
- Published: 11 Oct 2012 at 00.00
- Newspaper section: Business
The global financial crisis remains front and centre in the minds of many investors, as European nations continue to struggle with the problems of high public debt, weak bank balance sheets and fundamental structural problems among a number of members of the euro zone.
And while massive fund injections by the US Federal Reserve may have helped to reflate asset prices in the US following the 2008 sub-prime mortgage crisis, the flow of cheap money has resulted in volatile fund flows in other regions including Asia.
But while policy makers and experts agree that reforms to the international monetary system are needed, consensus on how remains fleeting.
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