Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."
Region needs a reserve currency not under thumb of single nation


Malaysian Prime Minister Anwar Ibrahim, left, with Xi Jinping in Beijing on March 31: The Chinese president raised the idea of reviving Japan's Asian Monetary Fund plan. (Sadiq Asyraf/Prime Minister's Office of Malaysia via AP)
Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."