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Current tag: Currency
Triffin dilemma
Written on:January 16, 2011
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The Triffin dilemma (less commonly the Triffin paradox) is the observation that when a national currency also serves as an international reserve currency (as the US dollar does today), there are fundamental conflicts of interest between short-term domestic and long-term international economic objectives. This dilemma was first identified by Belgian-American economist Robert Triffin in the 1960s, who pointed out that the country issuing the global reserve currency must be willing…
Read more...In category: Economy, Politics
Tags:Currency , economic , Economy , Gold Standard , IMF , policy , Politics , Reference , Reserve Currency , Triffin dilemma
Tags:Currency , economic , Economy , Gold Standard , IMF , policy , Politics , Reference , Reserve Currency , Triffin dilemma
