EAN: 9780691168524

DOLLAR TRAP - ESWAR S PRASAD KARTONIERT (TB)

The U.S. dollars dominance seems under threat. The near collapse of the U.S. financial system
in 20082009  political paralysis that has blocked effective policymaking  and emerging
competitors such as the Chinese renminbi have heightened speculation about the dollars 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 dollars importance. 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.

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