The Future Of The Dollar

Author : Eric Helleiner,Jonathan Kirshner
Publisher : Cornell University Press
Page : 272 pages
File Size : 41,9 Mb
Release : 2012-08-17
Category : Political Science
ISBN : 9780801458736

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The Future of the Dollar by Eric Helleiner,Jonathan Kirshner Pdf

For half a century, the United States has garnered substantial political and economic benefits as a result of the dollar's de facto role as a global currency. In recent years, however, the dollar's preponderant position in world markets has come under challenge. The dollar has been more volatile than ever against foreign currencies, and various nations have switched to non-dollar instruments in their transactions. China and the Arab Gulf states continue to hold massive amounts of U.S. government obligations, in effect subsidizing U.S. current account deficits, and those holdings are a point of potential vulnerability for American policy. What is the future of the U.S. dollar as an international currency? Will predictions of its demise end up just as inaccurate as those that have accompanied major international financial crises since the early 1970s? Analysts disagree, often profoundly, in their answers to these questions. In The Future of the Dollar, leading scholars of dollar's international role bring multidisciplinary perspectives and a range of contrasting predictions to the question of the dollar's future. This timely book provides readers with a clear sense of why such disagreements exist and it outlines a variety of future scenarios and the possible political implications for the United States and the world.

Author : Benjamin J. Cohen
Publisher : Routledge
Page : 210 pages
File Size : 50,9 Mb
Release : 2012-11-12
Category : Political Science
ISBN : 9781136845888

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The Future of Global Currency by Benjamin J. Cohen Pdf

Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar’s shadow. The essays collected in this volume explain why. Because of America’s external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe’s money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users. As recent events have demonstrated, members of the euro zone remain vulnerable to financial crisis. Moreover, lacking a single voice, the bloc continues to punch below its weight in monetary diplomacy. The world seems headed toward a leaderless monetary order, with several currencies in contention but none clearly dominant. This collection distils the views of one of the world’s leading scholars in global currency, and will be of considerable interest to students and scholars of international finance and international political economy.

Author : Barry Eichengreen
Publisher : Oxford University Press
Page : 222 pages
File Size : 49,8 Mb
Release : 2011-02-24
Category : Business & Economics
ISBN : 9780199596713

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Exorbitant Privilege by Barry Eichengreen Pdf

It is, as a critic of U.S.

Author : Eswar S. Prasad
Publisher : Princeton University Press
Page : 438 pages
File Size : 46,5 Mb
Release : 2015-08-25
Category : Business & Economics
ISBN : 9780691168524

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The Dollar Trap by Eswar S. Prasad Pdf

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 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.

Author : Robert Triffin
Publisher : Dissertations-G
Page : 224 pages
File Size : 40,5 Mb
Release : 1983
Category : Business & Economics
ISBN : UVA:X001361887

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Gold and the Dollar Crisis by Robert Triffin Pdf

Author : Benjamin J Cohen
Publisher : ICFAI Books
Page : 178 pages
File Size : 46,6 Mb
Release : 2006-03-28
Category : Electronic
ISBN : 9788178817903

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The Future Of The Dollar by Benjamin J Cohen Pdf

What is the future of the U.S. dollar as an international currency? The essays collected in this volume comment on critical issues that will influence the outlook for America s greenback. The first two chapters address the emergence of the euro as a pot

Author : International Reports (Firm),Gu nter Reimann
Publisher : New York : Drake Publishers
Page : 208 pages
File Size : 48,9 Mb
Release : 1973
Category : Business & Economics
ISBN : UOM:39015035076531

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The Future of the Dollar by International Reports (Firm),Gu nter Reimann Pdf

Author : Anthony Elson
Publisher : Springer Nature
Page : 205 pages
File Size : 48,6 Mb
Release : 2021-09-15
Category : Business & Economics
ISBN : 9783030835194

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The Global Currency Power of the US Dollar by Anthony Elson Pdf

This book explains how the US dollar serves as the primary reserve currency for the international financial system and assesses its prospects for the future. The book provides an analysis of the main factors that have given rise to the global currency power of the dollar and the key benefits that have accrued to both the United States and other countries from this arrangement. It then considers the growing costs that can be associated with the dollar-centered reserve system and the prospects for the medium-term in terms of its potential threats to global financial stability. In the light of these considerations, the book examines three alternative currency arrangements that could address some or all of the defects associated with the global currency power of the dollar. These include a shift to a multi-reserve currency system, an enhancement of the IMF’s role as an international lender of last resort and provider of global “safe” assets, and the introduction of central bank digital currencies. "A cogent, persuasive and timely look at the dollar's power." Kirkus Reviews

Author : William R. Clark,William R. Clark (analyst.)
Publisher : New Society Pub
Page : 265 pages
File Size : 43,7 Mb
Release : 2005
Category : Business & Economics
ISBN : 0865715149

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Petrodollar Warfare by William R. Clark,William R. Clark (analyst.) Pdf

Meticulously researched, this book examines US dollar hegemony and the unsustainable macroeconomics of 'petrodollar recycling', pointing out that issues underlying the Iraq war also apply to geostrategic tensions between the US and other countries including the member states of the EU, Iran, Venezuela and Russia. The author warns that without changing course, the American Experiments will end the way all empires end -- with military over-tension and subsequent economic decline. He recommends the multilateral pursuit of both energy and monentary reforms within a United Nations framework to create a more balanced global energy and monetary system -- thereby reducing the possibility of future oil and oil-currency related warfare.

Author : Eswar S. Prasad
Publisher : Harvard University Press
Page : 497 pages
File Size : 41,5 Mb
Release : 2021-09-28
Category : Business & Economics
ISBN : 9780674258440

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The Future of Money by Eswar S. Prasad Pdf

A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Author : Addison Wiggin
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 52,8 Mb
Release : 2012-05-08
Category : Business & Economics
ISBN : 9781118245255

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The Little Book of the Shrinking Dollar by Addison Wiggin Pdf

With the weakening dollar a hot topic for retirees, savers, and investors, this Little Book delves into the economic turmoil in the U.S. and shows how to survive it The United States dollar is losing value at an alarming rate. According to the Organisation for Economic Co-operation and Development (OECD) index, the U.S. currency is 37 percent below fair value against the Australian dollar and 20 percent versus the Canadian dollar. The decline of the U.S. dollar is one of the biggest threats facing American investors today, but with the Little Book of the Shrinking Dollar: What You Can do to Protect Your Money Now in hand, you have the knowledge and the expertise you need to fight back. Written by New York Times bestselling author Addison Wiggin, a leading economic forecaster, the book explores the reasons for the dollar's decline, and its precarious relationship to other currencies around the world. Filled with invaluable strategies for retirees, savers, and investors who want to keep their money safe no matter what lies ahead, the book is your one-stop guide to weathering the storm. Covers strategies for safeguarding your wealth, including safer havens for money, alternative investments, and other opportunities Written by Addison Wiggin, a three-time New York Times bestselling author and leading economic forecaster Wiggin's predictions about the decline of the dollar have proven true time and again, making him the right man for the job when it comes to predicting what lies ahead The U.S. dollar is no longer the secure and stable currency that most Americans grew up believing in. Even after recent gains, the dollar remains weak. But with the Little Book of the Shrinking Dollar you have a concise guide to what's driving its demise and everything you need to protect your money today and in the years to come.

Author : Marc Chandler
Publisher : John Wiley & Sons
Page : 240 pages
File Size : 43,5 Mb
Release : 2010-05-18
Category : Business & Economics
ISBN : 9780470885383

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Making Sense of the Dollar by Marc Chandler Pdf

Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy. Making Sense of the Dollar explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose. Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.

Author : Robert Triffin
Publisher : Dissertations-G
Page : 218 pages
File Size : 40,7 Mb
Release : 1983
Category : Business & Economics
ISBN : UCAL:$B665548

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Gold and the Dollar Crisis by Robert Triffin Pdf

Author : Benjamin J. Cohen
Publisher : Routledge
Page : 210 pages
File Size : 51,8 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780415781497

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The Future of Global Currency by Benjamin J. Cohen Pdf

This book is essential reading for anyone interested in the future of the major currencies in the contemporary international political economy.

Author : Robert Z. Aliber
Publisher : New York : Praeger
Page : 184 pages
File Size : 49,5 Mb
Release : 1966
Category : Balance of payments
ISBN : UOM:39015035113839

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The Future of the Dollar as an International Currency by Robert Z. Aliber Pdf