"Global Economic Shifts: A Century-Long Quest for a More Stable Reserve Currency For over eight decades, economists have been sounding the alarm on the structural flaws of the international reserve currency, a system that has been in place since the Bretton Woods Agreement of 1944. The current system, dominated by the US dollar, has been plagued by issues such as currency manipulation, trade imbalances, and economic instability. Despite numerous proposals and reforms, a more stable and equitable reserve currency system remains elusive. As the global economy continues to evolve, experts are now re-examining the feasibility of alternative reserve currencies, such as the euro or the Chinese yuan, and exploring innovative solutions to address the systemic problems that have hindered international economic cooperation for far too long."
Economists have been proposing fixes to structural problems created by an international reserve currency since the 1940s
