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The Resource 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, Eswar S. Prasad

Label
The dollar trap : how the U.S. dollar tightened its grip on global finance
Title
The dollar trap
Title remainder
how the U.S. dollar tightened its grip on global finance
Statement of responsibility
Eswar S. Prasad
Creator
Subject
Language
eng
Summary
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 --
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Prasad, Eswar
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Dollar, American
  • Dollarization
  • Capital movements
  • International finance
Label
The dollar trap : how the U.S. dollar tightened its grip on global finance, Eswar S. Prasad
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Prologue -- What is so special about the dollar? -- The paradox of uphill capital flows -- Emerging markets get religion -- The quest for safety -- A trillion dollar con game? -- Currency wars -- Seeking a truce on currency wars -- It takes twenty to tango -- The siren song of capital controls -- Safety nets with gaping holes -- Is the renminbi ready for prime time? -- Other contenders nipping at the dollar's heels -- Could the dollar hit a tipping point and sink? -- Ultimate paradox : fragility breeds stability
Control code
FIEb1749963x
Dimensions
24 cm.
Extent
xix, 408 pages
Isbn
9780691161129
Media category
unmediated
Media MARC source
rdamedia.
System control number
  • (NhCcYBP) 2013023902
  • (OCoLC)852681866
Label
The dollar trap : how the U.S. dollar tightened its grip on global finance, Eswar S. Prasad
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Prologue -- What is so special about the dollar? -- The paradox of uphill capital flows -- Emerging markets get religion -- The quest for safety -- A trillion dollar con game? -- Currency wars -- Seeking a truce on currency wars -- It takes twenty to tango -- The siren song of capital controls -- Safety nets with gaping holes -- Is the renminbi ready for prime time? -- Other contenders nipping at the dollar's heels -- Could the dollar hit a tipping point and sink? -- Ultimate paradox : fragility breeds stability
Control code
FIEb1749963x
Dimensions
24 cm.
Extent
xix, 408 pages
Isbn
9780691161129
Media category
unmediated
Media MARC source
rdamedia.
System control number
  • (NhCcYBP) 2013023902
  • (OCoLC)852681866

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