The Exhaustion of the Dollar : Its Implications for Global Prosperity
by
H. Gray
Book Details
Format
Hardback or Cased Book
ISBN-10
1403918856
ISBN-13
9781403918857
Publisher
Palgrave USA
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 29th, 2004
Print length
215 Pages
Weight
409 grams
Product Classification:
Monetary economics
Ksh 16,200.00
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The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of U.S. current-account deficits over the last twenty years will shortly exhaust the capability of the dollar to continue as the key currency.
The US dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of US current-account deficits over the last twenty years will shortly exhaust the capability of the dollar to continue as the key currency. The evidence in support of the proposition is strong. The implications of exhaustion will be serious and need to be addressed quickly.
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