NEW YORK (Dow Jones)–The head of a United Nations expert panel discussing solutions to the financial crisis on Thursday welcomed the debate over a new global reserve currency and said it would be best managed by a brand new institution.

Just days ahead of the Group of 20 heads of state meeting in London, several key players have weighed in with solutions to resolve the current financial crisis and to prevent future recurrences. One of the most sensitive subjects is the creation of a new de facto global reserve currency to replace the U.S. dollar.

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The Report: Recommendations by the Commission of Experts of the President of the General Assembly on reforms of the international monetary and financial system

Tags: Financial Meltdown, UN

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