Author: Eswar S. Prasad

Brand: Penguin

Binding: hardcover

Number Of Pages: 432

Release Date: 01-05-2014

model number: 9780670087624

Part Number: 9780670087624

Details: 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.

EAN: 9780670087624

Package Dimensions: 9.1 x 6.1 x 1.6 inches

Languages: English