The Dollar Trap: How the U.S. Dollar Tightened its Grip on Global Finance
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Author: Eswar S. Prasad
Brand: Penguin
Binding: hardcover
Number Of Pages: 432
Release Date: 01-05-2014
model number: 9780670087624
Part Number: 9780670087624
Details: 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. Marshalling 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 US 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-US 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 that go on 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.
EAN: 9780670087624
Package Dimensions: 9.1 x 6.1 x 1.6 inches
Languages: English
