Belgian-American economist Robert Triffin in the 1960s pointed out that the country whose currency FOREIGN NATIONS WISH TO HOLD (the global reserve currency) must be willing to supply the world with an extra supply of its currency to fulfil world demand for this 'reserve' currency (foreign exchange reserves) and thus cause a trade deficit.
In the wake of the financial crisis of 2007–2008, the governor of the People's Bank of China explicitly named the Triffin Dilemma as the root cause of the economic disorder, in a speech titled Reform the International Monetary System.
FOREIGN NATIONS WISH TO HOLD?
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