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MACMILLAN The Global Currency Power of the US Dollar: Problems and Prospects

Name: The Global Currency Power of the US Dollar: Problems and Prospects
Brand: MACMILLAN
Price: 84.28 GBP
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Description

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

Product Specifications

Brand: MACMILLAN
Format: paperback
ASIN: 3030835219
Category: Books > Subjects > Business, Finance & Law > Accounting > International
Domain: Amazon UK
Release Date: 17 September 2022
Listed Since: 22 August 2022

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MACMILLAN The Global Currency Power of the US Dollar: Problems and Prospects

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