The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance

by Eswar Prasad and Eswar S. Prasad

Book Overview

Why the dollar is--and will remain--the dominant global currency

The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008-2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar's looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues,...

• Format: Hardcover
• Language: English
• ISBN: 0691161127
• ISBN13: 9780691161129
• Release Date: January 2014
• Publisher: Princeton University Press
• Length: 432 Pages
• Weight: 1.65 lbs.
• Dimensions: 1.4" x 6.4" x 9.5"