The Dollar Trap - Prasad, Eswar S.
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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…mehr

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Produktbeschreibung
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.
Autorenporträt
Eswar S. Prasad is a professor in the Dyson School at Cornell University and senior fellow at the Brookings Institution.