Jul 30, 2015 07:34 PM

A Tripolar Currency Regime Is in the Offing

By Miriam L. Campanella

In typical power transition theory (PTT), changes to the international monetary regime involve competition for dominance, with losers and winners jostling for position. Against this backdrop, the current monetary system will witness currency competition for the highest degree of performance in functional aspects, which is the yardstick for decline or continuance of the present state of the system.

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