The fact that we were talking about this issue a year ago, and indeed two years earlier than that, that we are still taking about it now, and doubtless will be for another year at least, says something in itself. 2  BIS central bankers’ speeches  What do we know about this boom?
For example, the ability of central banks to act as the “conductor of the international orchestra” as noted by Keynes, or even firms being able to invoice in their domestic currencies, which made import prices more stable. [10] In parallel, Western payments infrastructures assumed an increasingly global role.