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Media type:
E-Book
Title:
The Exhaustion of the Dollar
:
Its Implications for Global Prosperity
Contains:
Cover; Contents; List of Tables; List of Figures; Preface; Part I Introduction; 1 The Purpose and Three Propositions; Part II How a Hegemonic System Works; 2 Background Concepts and Relationships in a Globalized World; 3 A Theory of Balance-of-Payments Adjustment for the Hegemon; 4 A Model of Instability in Asset Markets; Part III Exhaustion: Soft, Hard or Very Hard Landing; 5 The Data; 6 Assessing Propositions One and Two; 7 The Efficiency of Adjustment; Part IV Confronting the Future; 8 Policy Options and Constraints; 9 The Transition Problem; 10 A Proposed Agenda for Redesign
Part V Concluding Assessment; 11 The Grim Prospect Ahead; Notes; References; Index
Cover; Contents; List of Tables; List of Figures; Preface; Part I Introduction; 1 The Purpose and Three Propositions; Part II How a Hegemonic System Works; 2 Background Concepts and Relationships in a Globalized World; 3 A Theory of Balance-of-Payments Adjustment for the Hegemon; 4 A Model of Instability in Asset Markets; Part III Exhaustion: Soft, Hard or Very Hard Landing; 5 The Data; 6 Assessing Propositions One and Two; 7 The Efficiency of Adjustment; Part IV Confronting the Future; 8 Policy Options and Constraints; 9 The Transition Problem; 10 A Proposed Agenda for Redesign
Part V Concluding Assessment11 The Grim Prospect Ahead; Notes; References; Index
Footnote:
Includes bibliographical references (p. 205-210) and index
Description:
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