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伯克利——
储备货币之间的地位竞争一般被看作成王败寇的角逐。这样看来，单一国际货币便有充分发展的空间了。唯一的问题在于，哪国货币将担此重任？
有人认为，市场逻辑是当前局面的源头。就进出口商而言，与同行采用相同货币（如美元）进行报价，这能够防止各自客户产生困惑。就央行而言，与同行采用相同货币进行储备，这使它们最大提升了手中资产的流动性。在他人都购买、出售和持有美元的情况下，依样画葫芦大有裨益，因为美元资产的市场深度将达到最大化。
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