Examples from UK sterling in the 1950s-70s and French currency history show that tipping points for reserve currency loss typically occur when bond markets gradually lose confidence and demand higher rates, rather than as a sudden discrete event.

factualpending

Speaker

Ruchir Sharma

Evidence Quote

we saw that with UK and Sterling uh in the 1950s 60s and finally they had a big crisis in the 1970s and before that we saw that with the French currency

Source

The real impact of growing budget deficits - Ruchir SharmaNorges Bank Investment Management
Created: 8/11/2026, 8:01:53 AM

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