Within the space of a few years, the pound’s reign as a trusted international currency was over. The yen and the Deutschemark emerged as new potential reserve currencies, although the Japanese and German governments and central banks were profoundly worried about this new role for their currencies and the volatility that it might entail.
既然拿20世纪60年代来类比，自然就引出一个问题：会不会崛起一个新的主要国际货币？如果会，又会在什么时候？当年英镑丧失国际货币地位，只不过用了短短几年时间。日元和德国马克崛起为潜在的储备货币，尽管日本和德国的政府和央行对其本币的新角色颇感惶恐，因为这一角色可能意味着很强的波动性。