Dollar Trap, The: How The Us Dollar Tightened Its Grip On Global Finance - Hardcover

Eswar S. Prasad

Hardcover

ISBN 10: 0670087629 ISBN 13: 9780670087624

Publisher: Penguin Books Limited, 2014

Synopsis

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

About this edition

• Publisher: Penguin Books Limited
• Publication date: 2014
• ISBN 10: 0670087629
• ISBN 13: 9780670087624
• Binding: Hardcover
• Number of pages: 432