CHINESE PLAYS

[robsrdd]

The governor of the Chinese Central Bank has reportedly suggested said that “the frequency/intensity of financial crises following the collapse of the Bretton Woods system suggests costs of the dollar-based system may have exceeded its benefits.” The Chinese-preferred alternative is the IMF’s Special Drawing Right. Would the U.S. be interested? Not “any time soon,” says the Stock Research Portal, given that this would mean agreeing to “cede substantial U.S. economic influence and power.”

Via Stock Research Portal (http://www.stockresearchportal.com)

What is the IMF special drawing right?