October 2012
Intermediate to advanced
256 pages
6h 5m
English
book
Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System
by Sara Eisen
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PREFACE: A SYSTEM ON SHAKY GROUND
SARA EISEN
The dollar remains at the center of global trade, dominates central bank portfolios around the world, and provides a shelter for nervous investors during economic storms. However, there are two sides to the dollar story. The crisis that began in 2007 has highlighted cracks in the dollar-centric international monetary system, resulting in shaken confidence in the dollar. Massive and destructive imbalances, such as the U.S. trade deficit and China’s trade surplus, threaten the world economy. Central banks and federal governments alike, including those of the United States, are finding themselves in uncharted territory, having absorbed massive debt to stimulate their economies during the crisis. For instance, ...
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