The exhaustion of the dollar : Its implications for global prosperity

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 cur...

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书目详细资料
主要作者: Gray, H. Peter
格式: 图书
语言:Undetermined
出版: New York Palgrave Macmillan 2004
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Thư viện lưu trữ: Trung tâm Học liệu Trường Đại học Cần Thơ
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总结: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.