What interests me is long-term, which nation/currency is optimal as reserve currency?(assuming no political/military factors)
Like theoretically, assume all countries can’t collapse. Should the reserve currency be primarily the countries with the most people? (think China/India/Indonesia/Nigeria) Most natural resources? (think Australia, China or Russia) Historical power? (UK) Linguistic network? (France)
Can we even derive a normative answer?
Do non-national currencies differ to national ones?
I’m not the biggest fan of economists, but I feel like research does need to be done here…
Like theoretically, assume all countries can’t collapse. Should the reserve currency be primarily the countries with the most people? (think China/India/Indonesia/Nigeria) Most natural resources? (think Australia, China or Russia) Historical power? (UK) Linguistic network? (France)
Can we even derive a normative answer?
Do non-national currencies differ to national ones?
I’m not the biggest fan of economists, but I feel like research does need to be done here…