Or we can do both of these things, and create an environment in which market-based and public payment systems effectively complement each other, jointly shaping the payments universe in the 21st century. Thank you. [1]  I would like to thank Arnaud Mehl for his contributions to this speech. I remain solely responsible for the opinions contained herein.
[2]  See Bergsten, F. (1997), “The dollar and the euro”, Foreign Affairs, Vol. 76, No 4, pp. 83-95. [3]  The United States accounts for about 11% of global trade, compared with 14% for the euro area.