Could something similar be in store for today’s holders of large reserves? The most explicit call for the use of dollar reserves to finance a major program of infrastructure modernization has come from India, which has a similar problem to the one facing China and Japan.
当今拥有庞大外汇储备的国家会重蹈覆辙吗？来自印度，要以美元储备支持主要基础设施现代化项目的声浪甚高。而中国和日本也面临相似的问题。它在其他国家也会具有同样的诱惑力。