Ten years from now, what will be the next great global currency?

For the dollar to collapse, it would need to do so against the euro and the Japanese yen, both of which seem substantially weaker than the dollar itself.

China's ultimate objective must be to float the currency to allow it to find its own level in a world of capital convertibility.

The currency practices of the People's Republic of China pose challenges to the United States; U.S. policy needs in this regard must try to avoid missteps that would have serious and lasting consequences.