The dollar trap overturns this conventional wisdom the book shows how in the aftermath of the financial crisis us policies and a dysfunctional international monetary system have paradoxically strengthened the dollars importance in international finance it turns out everything is relative ultimately there is no good answer to this question if not the dollar then what that is why despite all its flaws the dollar will remain the ultimate safe haven currency. Eswar prasad author of the dollar trap maintains that the crisis has actually strengthened the dollars prominence in global finance and made it the most sought after currency he explained this in a chats in the stacks book talk at mann library sept 24 2014 touching on contemporary issues in international finance including the influence of emerging markets the currency wars the complexities of the china us relationship and the role of institutions such as domestic judiciaries . The dollar trap how the us dollar tightened its grip on global finance eswar s prasad isbn 9780691168524 kostenloser versand fur alle bucher mit versand und verkauf duch amazon. Yet asthe dollar trap powerfully argues the financial crisis a dysfunctional international monetary system and us policies have paradoxically strengthened the dollars importance 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
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