Asian Monetary Fund no quick fix for the world’s dollar problem
For an Asian Monetary Fund to be effective, It would need a predictable, transparent and non-political process within a trusted institution through which countries can access resources in times of crisis.
The US dollar isn’t winning any popularity contests at the moment, as global trade fragments and countries weigh up exposure to Western sanctions and the US economy.
And the more headaches the US dollar causes, the more countries will struggle to seek alternatives.
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Adam Triggs is director of research of the Asian Bureau of Economic Research at the Crawford School of Public Policy, The Australian National University, and a non-resident fellow in the Global Economy and Development program, Brookings Institution. Connect with Adam on Twitter.
