书目名称 | The Global Currency Power of the US Dollar |
副标题 | Problems and Prospec |
编辑 | Anthony Elson |
视频video | |
概述 | Offers a detailed analysis of why the dollar serves as the dominant currency of the global financial system.Provides a balanced assessment of the main benefits and costs of this dollar-centered system |
图书封面 |  |
描述 | 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. |
出版日期 | Book 2021 |
关键词 | Global trade and finance; Reserve currencies; Digital currencies; Global imbalances; Global Financial Sa |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-030-83519-4 |
isbn_softcover | 978-3-030-83521-7 |
isbn_ebook | 978-3-030-83519-4 |
copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |