The Role Of Us Dollar As The International Reserve Currency PDF Download
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Author | : Anthony Elson |
Publisher | : Springer Nature |
Total Pages | : 205 |
Release | : 2021-09-15 |
Genre | : Business & Economics |
ISBN | : 3030835197 |
Download The Global Currency Power of the US Dollar Book in PDF, ePub and Kindle
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
Author | : Barry Eichengreen |
Publisher | : Oxford University Press |
Total Pages | : 222 |
Release | : 2011-02-24 |
Genre | : Business & Economics |
ISBN | : 0199596719 |
Download Exorbitant Privilege Book in PDF, ePub and Kindle
It is, as a critic of U.S.
Author | : Vanvliet Thansaitong |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 92 |
Release | : 2012 |
Genre | : |
ISBN | : 9783846526118 |
Download The Role of Us Dollar As the International Reserve Currency Book in PDF, ePub and Kindle
This book investigates the performing of the U.S. dollar as the international currency. The theory of money and the Triffin Dilemma concept are applied to assess the functions of the dollar as the international currency. The U.S. poor macro economic performance and the international financial distortion has affected to the functions of U.S. dollar as the international currency. This analysis suggests that the international currency should not function as the national currency and the international currency simultaneously.
Author | : Eric Helleiner |
Publisher | : Cornell University Press |
Total Pages | : 267 |
Release | : 2012-09-15 |
Genre | : Business & Economics |
ISBN | : 0801457491 |
Download The Future of the Dollar Book in PDF, ePub and Kindle
For half a century, the United States has garnered substantial political and economic benefits as a result of the dollar's de facto role as a global currency. In recent years, however, the dollar's preponderant position in world markets has come under challenge. The dollar has been more volatile than ever against foreign currencies, and various nations have switched to non-dollar instruments in their transactions. China and the Arab Gulf states continue to hold massive amounts of U.S. government obligations, in effect subsidizing U.S. current account deficits, and those holdings are a point of potential vulnerability for American policy. What is the future of the U.S. dollar as an international currency? Will predictions of its demise end up just as inaccurate as those that have accompanied major international financial crises since the early 1970s? Analysts disagree, often profoundly, in their answers to these questions. In The Future of the Dollar, leading scholars of dollar's international role bring multidisciplinary perspectives and a range of contrasting predictions to the question of the dollar's future. This timely book provides readers with a clear sense of why such disagreements exist and it outlines a variety of future scenarios and the possible political implications for the United States and the world.
Author | : Taranza T. Ganziro |
Publisher | : Emerald Group Publishing |
Total Pages | : 280 |
Release | : 2016-01-06 |
Genre | : Business & Economics |
ISBN | : 1785606409 |
Download The Exorbitant Burden Book in PDF, ePub and Kindle
This economic and political science work is a rigorous analysis that demonstrates that although it is a privilege and a benefit for the US to have its currency, the dollar, as the leading world reserve currency, the privilege also proves to be a very significant economic and security burden imposed on the nation.
Author | : Barry Eichengreen |
Publisher | : Princeton University Press |
Total Pages | : 270 |
Release | : 2019-02-26 |
Genre | : Business & Economics |
ISBN | : 0691191867 |
Download How Global Currencies Work Book in PDF, ePub and Kindle
A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the history of the modern global economy seems to support the long-held view that the currency of the world’s leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. Offering a new history of global finance over the past two centuries and marshaling extensive new data to test current theories of how global currencies work, the authors show that several national monies can share international currency status—and that their importance can change rapidly. They demonstrate how changes in technology and international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. In fact, they show that multiple international and reserve currencies have coexisted in the past—upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.
Author | : Eswar Prasad |
Publisher | : Oxford University Press |
Total Pages | : 345 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 0190631058 |
Download Gaining Currency Book in PDF, ePub and Kindle
China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also shows how much further it has to go before becoming a major international currency. The hype about its inevitable ascendance to global dominance is overblown.
Author | : Peter B. Kenen |
Publisher | : |
Total Pages | : 44 |
Release | : 1983 |
Genre | : Dollar, American |
ISBN | : |
Download The Role of the Dollar as an International Currency Book in PDF, ePub and Kindle
Author | : C. Fred Bergsten |
Publisher | : M.E. Sharpe |
Total Pages | : 620 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : 9780873326001 |
Download Dilemmas of the Dollar Book in PDF, ePub and Kindle
An examination of the role of the dollar in the global financial system which presents a long-term historical perspective on the international monetary system in this century. The main focus is on the evaluation of the global financial system in the post-war period.
Author | : Witold Maksymilian Rutkowski |
Publisher | : |
Total Pages | : 13 |
Release | : 2018 |
Genre | : |
ISBN | : |
Download The Role of the American Dollar and the Prospective Room for the Euro as an Important Intervention and Reserve Currency Book in PDF, ePub and Kindle
For nearly a century the US dollar has been unchallenged as the sole and later the most important reserve and intervention currency in the world. The dollar became such an important currency after the shift from the British pound which, during the gold standard, was the world's reserve currency until the first decades of the XX century. The dollar retained its primary importance even after the breakdown of the Bretton Woods system despite several different currencies like the German mark, Japanese yen, Swiss franc, French franc etc., have been occasionally serving as reserve currencies. The situation considerably changed after introducing of the euro which in the first decade of the XXI century exceeded 20% share in reserves of central banks and became the second after the US dollar reserve and intervention currency. This was the main factor increasing the demand for the euro and increasing the pressure on the appreciation of the euro exchange rate unless the authority responsible for the supply of that currency is able to increase it. Many circumstances indicate that the pressure on the appreciation of the euro may increase and this becomes a great challenge for the authority issuing the already second significant reserve currency in the world. Until now the Eurosystem remains somewhat powerless to manage successfully the above-mentioned challenge so an important question arises how this situation might be improved. Nevertheless, the room for the euro exists but the possibility to increase its reserve holdings and share depends on some necessary adjustments mainly in the treaty framework of the European central banking.This essay is a part of the wider project concerning the future of the euro and of the euro area and their significance in the international financial system.