The Dollar Trap How the U.S. Dollar Tightened Its Grip on Global Finance

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  • Engels
  • Hardcover
  • 9780691161129
  • 26 januari 2014
  • 432 pagina's
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Argues, the financial crisis, a dysfunctional international monetary system, and US policies have paradoxically strengthened the dollar's importance. This book examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future.



The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008-2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar's 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 dollar's importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance--including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund--and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. 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.

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Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
26 januari 2014
Aantal pagina's
432
Illustraties
Nee

Betrokkenen

Hoofdauteur
Eswar S. Prasad
Tweede Auteur
Eswar S. Prasad
Hoofduitgeverij
Princeton University Press

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Extra groot lettertype
Nee
Product breedte
160 mm
Product hoogte
35 mm
Product lengte
240 mm
Studieboek
Ja
Verpakking breedte
152 mm
Verpakking hoogte
235 mm
Verpakking lengte
235 mm
Verpakkingsgewicht
709 g

EAN

EAN
9780691161129

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