Putin urges more diversification in currency reserves, I believe the answer is a single international currency, with a central reserve bank and regional reserve banks responsible for distributing currency locally. I’d expect this would get rid of speculative currency markets and reduce the chance of local financial problems causing international instability when currency is brought back into ’safer’ markets.
Speculative bubbles should be avoided as much as possible – in all markets, either through increasing capital gains tax on amounts exceeding 10% growth per annum or through regulating the cost of shares and other tradable products; such that the cost is actually representative of real value.
