The world wants safety in the wake of the financial crisis, so ignore all the talk about Bitcoin, gold or the Chinese Renminbi replacing the U.S. dollar as the world's reserve currency in the foreseeable future, says Eswar Prasad, author of "The Dollar Trap". The Fed's tapering is exposing problems in emerging market economies, says Prasad, but the currency crises in Argentina and Turkey won't cause a global panic because these countries do not have significant external debt anymore.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

More from Video

Podcast: What TheStreet's Interns Learned From Jim Cramer and Action Alerts PLUS

Podcast: What TheStreet's Interns Learned From Jim Cramer and Action Alerts PLUS

Podcast: What Does the Cannabis Industry Have in Common with the Dot-Com?

Podcast: What Does the Cannabis Industry Have in Common with the Dot-Com?

Here's Why Alphabet, Facebook and Amazon Earnings May Overshadow Tariff Worries

Here's Why Alphabet, Facebook and Amazon Earnings May Overshadow Tariff Worries

NYSE Trader Expects Blowout Earnings From Alphabet, Amazon and Facebook

NYSE Trader Expects Blowout Earnings From Alphabet, Amazon and Facebook

NYSE Trader: I Think Oil Is Fairly Priced

NYSE Trader: I Think Oil Is Fairly Priced