More generally, however, I do not see a major reform of the international monetary system on the horizon, as there is no real substitute for the US Dollar in medium term.
When personal computers were first introduced, the benefits BIS Review 1/1998  -4-  they brought households in terms of word processing services, financial calculations, organizational assistance, and the like, were truly unique. And, further in the past, think of the revolutionary changes that automobile ownership, or jet travel, brought to people’s lives.