What this underscores is that at the global level we need to explore these and  3  Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System by Barry Eichengreen. 6  BIS central bankers’ speeches  other options for protecting ourselves from the vulnerabilities that we confront as a consequence of a single reserve currency.
Protectionism In the post-crisis world, there may not actually be “deglobalization” but the earlier orthodoxy that globalization is an unmixed blessing is being increasingly challenged.