Eswar S Prasad: The Dollar Trap, Kartoniert / Broschiert

Klappentext

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. 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.