Global Reserves Crawl Towards Emerging Market Currencies

Posted on 12/17/2012

Since 2003, global reserves have more than doubled. There has been a gradual shift from U.S. dollars to euros over this time period; however, U.S. dollars still dominate in proportion at greater than 60% of total world reserves. In addition, emerging markets’ accumulation of reserves has outpaced advanced economies. Exports have contributed to emerging markets’ […]