The Death of Money: The Coming Collapse of the International Monetary System by Rickards James

Author:Rickards, James [Rickards, James]
Language: eng
Format: azw3, epub, mobi
Publisher: Penguin Group US
Published: 2014-04-07T16:00:00+00:00

CHAPTER 8

CENTRAL BANK OF THE WORLD

The optimum currency area is the world.

Robert A. Mundell

Recipient, Nobel Prize in Economics

I haven’t read the Governor’s proposal. . . . But as I understand . . . it’s a proposal designed to increase the use of the IMF’s special drawing rights, . . . ah . . . and . . . ah . . . we’re actually quite open to that.

Timothy Geithner

U.S. Treasury secretary

in reply to a reporter’s question about a Chinese government proposal

March 25, 2009

The IMF has refined, repurposed, and restocked its toolkit.

Christine Lagarde

IMF managing director

September 19, 2013

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