Download The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance AudioBook Free
The U.S. dollar's dominance seems under threat. The close to collapse of the U.S. financial system in 2008-2009, politics paralysis that has clogged effective policymaking, and growing competitors like the Chinese language renminbi have heightened speculation about the dollar's looming displacement as the key reserve currency. Yet, as The Buck Trap powerfully argues, the financial meltdown, a dysfunctional international financial system, and U.S. policies have paradoxically strengthened the dollar's importance. Eswar Prasad examines the way the dollar came to truly have a central role on the planet economy and shows that it'll stay the cornerstone of global fund for the foreseeable future. Marshaling a variety of arguments and data, and drawing on the latest research, Prasad shows why it'll be difficult to dislodge the dollar-centric system. With huge amounts of overseas financial capital locked up in money belongings, including U.S. government securities, other countries will have a strong motivation to avoid a money crash. Prasad requires the listener through key modern day issues in international fund - including the growing economic effect of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of companies like the International Monetary Account - and will be offering new ideas for fixing the flawed financial system. Listeners are also given a rare look into a few of the intrigue and backdoor scheming in the corridors of international fund. The Dollar Trap offers a breathtaking research of the delicate point out of global fund and makes a convincing case that, despite all its imperfections, the dollar will stay the ultimate safe-haven currency.
