Is there room for more than one international currency? | vox
"there is room for more than one international currency as means of payment even for a good as homogenous as oil. They suggest that network increasing returns are not as strong as sometimes supposed, that first-mover advantage is not everything, and that incumbency is no guarantee of continued dominance. They, therefore, suggest that a shift from the current dollar-based system to a multipolar system is not impossible."
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.