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Gold is seen by many as the dollar's main competitor as the world's reserve asset.
Triffin's suggested solution was to create an artificial reserve asset, tied to a basket of commodities.
He wants to tackle big subjects, such as the dollar's role as a reserve asset (see article).
It would take years to develop SDR money markets that are liquid enough to be a reserve asset.
The French have suggested a greater role for the IMF's own synthetic reserve asset, the Special Drawing Right (SDR).
The SDR is instead an international reserve asset which the IMF uses to supplement its member countries' reserves.
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Most important, its capital controls make it hard to see how holders of renminbi reserve assets can liquidate them in a crisis.
The dollar's revival is likely to make Asian central banks and other large holders of reserve assets more comfortable about sticking with the greenback.
The ICA would hold the reserve assets of governments centrally to constitute a mix of currencies, weighted by the volume of trade with each country.
And they dislike their exposure to the American currency in the form of dollar-denominated reserve assets of close to $2 trillion.
Such is the safety and liquidity of call money that, despite the fractionally lower rate on it compared with other reserve assets, the banks hold about half of their required reserves in this form.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com