The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance
Eswar S. Prasad, "The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance"
English | ISBN: 0691161127 | 2014 | 432 pages | EPUB | 9 MB
English | ISBN: 0691161127 | 2014 | 432 pages | EPUB | 9 MB
Why the dollar is―and will remain―the dominant global currency
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
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