I have recently read, but now cannot find again, an article talking about the role of the dollar as global reserve currency, and an analysis of some of the issues of trying to change to a different reserve currency. Including one item in particular that says, if I recall rightly, that the country hosting the would-be reserve currency has to be willing to run long term trade deficits in order for the other countries to accumulate meaningful stores of the currency. I though the article was a Mauldin 'Outside the Box', but now I can't find it. Any leads?
Thanks,
Chuck