Economics
Dire Dollar Shortage Shows Failure to Fix Key Crisis Flaw
- Dollar jump to renew calls for financial-system reform: Prasad
- Yuan’s comparative resilience stands out as possible takeaway
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The global rush for dollars that’s been roiling the $6.6 trillion a day foreign-exchange market has showcased a missing piece of financial-safety architecture that world policy makers never addressed in the aftermath of the 2008 crisis.