解药太猛。 The problems are as the follows. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. If one major member says no, there is no deal.
美元债券的持有者,主要是外国央行和国家主权基金,包括中国。它们当然希望在美元贬值的状况下分散投资。弗雷德?伯格斯坦(C. Fred Bergsten)曾任美国国际经济研究所所长,也曾任美国财政部负责国际事务的助理部长。去年底他撰文称,美国以外的投资者保守估计持有20万亿美元;哪怕是这些投资者温和地实践分散投资的想法,都有可能导致美元的自由落体式下跌。