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The Dollar Trap
How the U.S. Dollar Tightened Its Grip on Global Finance
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Artikel-Nr:
9780691168524
Veröffentl:
2015
Erscheinungsdatum:
25.08.2015
Seiten:
440
Autor:
Eswar S Prasad
Gewicht:
403 g
Format:
217x141x29 mm
Sprache:
Englisch
Beschreibung:
Eswar S. Prasad is a professor in the Dyson School at Cornell University and senior fellow at the Brookings Institution.
The U.S. dollars dominance seems under threat. The near collapse of the U.S. financial system in 20082009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollars looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollars importance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.