Download or read book The Decline and Fall of the U S Dollar written by Frank S. Arko and published by . This book was released on 1969 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Little Book of the Shrinking Dollar written by Addison Wiggin and published by John Wiley & Sons. This book was released on 2012-04-11 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the weakening dollar a hot topic for retirees, savers, and investors, this Little Book delves into the economic turmoil in the U.S. and shows how to survive it The United States dollar is losing value at an alarming rate. According to the Organisation for Economic Co-operation and Development (OECD) index, the U.S. currency is 37 percent below fair value against the Australian dollar and 20 percent versus the Canadian dollar. The decline of the U.S. dollar is one of the biggest threats facing American investors today, but with the Little Book of the Shrinking Dollar: What You Can do to Protect Your Money Now in hand, you have the knowledge and the expertise you need to fight back. Written by New York Times bestselling author Addison Wiggin, a leading economic forecaster, the book explores the reasons for the dollar's decline, and its precarious relationship to other currencies around the world. Filled with invaluable strategies for retirees, savers, and investors who want to keep their money safe no matter what lies ahead, the book is your one-stop guide to weathering the storm. Covers strategies for safeguarding your wealth, including safer havens for money, alternative investments, and other opportunities Written by Addison Wiggin, a three-time New York Times bestselling author and leading economic forecaster Wiggin's predictions about the decline of the dollar have proven true time and again, making him the right man for the job when it comes to predicting what lies ahead The U.S. dollar is no longer the secure and stable currency that most Americans grew up believing in. Even after recent gains, the dollar remains weak. But with the Little Book of the Shrinking Dollar you have a concise guide to what's driving its demise and everything you need to protect your money today and in the years to come.
Download or read book The Future of the Dollar written by Eric Helleiner and published by Cornell University Press. This book was released on 2012-08-17 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: For half a century, the United States has garnered substantial political and economic benefits as a result of the dollar's de facto role as a global currency. In recent years, however, the dollar's preponderant position in world markets has come under challenge. The dollar has been more volatile than ever against foreign currencies, and various nations have switched to non-dollar instruments in their transactions. China and the Arab Gulf states continue to hold massive amounts of U.S. government obligations, in effect subsidizing U.S. current account deficits, and those holdings are a point of potential vulnerability for American policy. What is the future of the U.S. dollar as an international currency? Will predictions of its demise end up just as inaccurate as those that have accompanied major international financial crises since the early 1970s? Analysts disagree, often profoundly, in their answers to these questions. In The Future of the Dollar, leading scholars of dollar's international role bring multidisciplinary perspectives and a range of contrasting predictions to the question of the dollar's future. This timely book provides readers with a clear sense of why such disagreements exist and it outlines a variety of future scenarios and the possible political implications for the United States and the world.
Download or read book The Dollar Trap written by Eswar S. Prasad and published by Princeton University Press. This book was released on 2015-08-25 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
Download or read book New Evidence on the Effects of Exchange Rate Intervention written by Martin S. Feldstein and published by . This book was released on 1986 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The September 1985 decision of the G-5 countries to pursue coordinated intervention has been widely credited with the subsequent sharp decline of the dollar relative to other major currencies, On the surface, the dollar's decline appears as evidence that coordinated intervention can be an effective instrument of economic policy, contrary to most of the previous economic analysis of this issue. The evidence in the present paper shows that such a conclusion is unwarranted. The dollar's decline in the nine months after the G-5 agreement was generally no faster than it had been since the beginning of its decline in the spring of 1985. The only indication of discontinuity in the overall behavior of the dollar was a drop of about 4 percent that occurred immediately after the G-5 meeting and that has largely persisted. Although this evidence cannot be taken as a conclusive indication that coordinated intervention had no effect on the dollar rate of decline, it does show the inappropriateness of interpreting the dollar's decline after September 1985 as evidence that coordinated intervention was effective. The special case of the Japanese yen is more ambiguous. Unlike all of the other G-5 currencies, the yen did appreciate more rapidly after the G-5 meeting than it did before. But the Japanese government was also unique in making a major shift in monetary policy immediately after the G-5 meeting to strengthen the yen and the yen was also the major currency that could be expected to appreciate most as a result of the massive and unexpected decline of the price of oil in the first half of 1986
Download or read book Exorbitant Privilege written by Barry Eichengreen and published by Oxford University Press. This book was released on 2011-01-07 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is, as a critic of U.S.
Download or read book The Decline of the Dollar written by United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Foreign Economic Policy and published by . This book was released on 1978 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dollar s Decline written by Roberto Miguel Rodriguez and published by . This book was released on 2023-09-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Dollar's Decline" delves into the intricate relationship between the U.S. dollar, global oil transactions, and the broader health of the American economy. For decades, the dollar's status as the world's reserve currency, especially in oil trade, has been a cornerstone of its global economic influence. This comprehensive exploration examines the ramifications of a shift away from the dollar in oil transactions and what it portends for the future of U.S. economic dominance. Key aspects of the book include: Historical Context: An overview of the establishment of the U.S. dollar as the de facto currency for global oil transactions and the resulting 'petrodollar' system. Economic Pillars: Unpacking the benefits accrued by the U.S. due to the dollar's dominant position in oil trade, from lower borrowing costs to heightened geopolitical leverage. Emerging Trends: Analyzing the motivations and mechanisms through which countries are exploring alternatives to the dollar for oil trade, from bilateral agreements to the rise of other reserve currencies. Impacts on the U.S. Economy: Investigating the potential economic consequences of a diminished role for the dollar, including effects on interest rates, trade balances, and foreign investment. Global Ripple Effects: Exploring how changes in oil transaction dynamics could reverberate through global financial systems, trade alliances, and geopolitical strategies. Future Forecasting: Speculation on the potential future of the U.S. dollar, considering technological innovations, emerging economic powers, and shifts in global economic governance. Adaptive Strategies: Proposing potential policy adjustments, economic reforms, and strategic alliances the U.S. could pursue to mitigate risks and capitalize on new opportunities. "The Dollar's Decline" serves as a timely primer for understanding the evolving landscape of global economic power dynamics. Through rigorous analysis, expert insights, and a forward-looking perspective, the book provides readers with a nuanced understanding of the potential challenges and transformations on the horizon for the U.S. economy in a rapidly changing global financial ecosystem.
Download or read book Resolving the Global Imbalance written by Martin S. Feldstein and published by . This book was released on 2008 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The large trade and current account deficits of the United States cannot continue indefinitely because doing so would constitute a permanent gift to the U.S. economy. The process that will cause this gift to shrink and that will eventually cause it to reverse is a fall in the dollar. The dollar will fall as private investors and governments become unwilling to accept the risk of increasing amounts of dollars in their portfolios, especially in a context in which they realize that the dollar must fall to reduce the trade imbalance. Although a more competitive dollar is the mechanism that will cause the U.S. trade deficit to decline, the fundamental requirement for a lower trade deficit is an increase in the U.S. national saving rate. So a rise will be driven by higher household savings of the coming years as the two primary forces that depressed savings in recent years are reversed: the exceptionally rapid rise in household wealth and the high level of mortgage refinancing with equity withdrawal.
Download or read book Currency Politics written by Jeffry A. Frieden and published by Princeton University Press. This book was released on 2014-12-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.
Download or read book Decline of the Dollar written by Ernest Mandel and published by . This book was released on 1973 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Decline and Fall of the Dollar written by Stephen Marris and published by . This book was released on 1985 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The US Dollar written by Amit Singh Sisodiya and published by . This book was released on 2009 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many decades, the US dollar enjoyed the status of the world s reserve currency and got the faith and confidence of generations, not only of Americans, but people across the globe. However, as the US economy currently is witnessing its worst economic s
Download or read book Can this Currency Be Saved The Decline of the Dollar Spring 1995 written by Michael W. Klein and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The dollar began to slide precipitously against the Deutschemark and the Yen in early 1995. At the beginning of March 1995 the United States, joined by 13 other major industrial countries, intervened to support the dollar.Despite these efforts, the dollar continued to fall againstthe Deutschemark and the Yen, setting a series of record lows that Spring. This case considers the causes andconsequences of exchange-rate swings and the role for monetary policy and intervention policy in stabilizing currencies. This case can be taught at a variety of levels and two separate lesson plans are provided. The first lessonplan is appropriate for an intermediate macroeconomicscourse, an introductory-level international economics course or a course that focuses on financial markets. The second lesson plan is appropriate for an international finance course.
Download or read book Equilibrium Exchange Rates written by Ronald MacDonald and published by Springer Science & Business Media. This book was released on 1999-07-31 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilibrium real exchange rates? How can misalignments be measured, and what are their causes? What are the effects of specific policies upon the equilibrium exchange rate? The answers to these questions are important to academic theorists, policymakers, international bankers and investment fund managers. This volume encompasses all of the competing views of equilibrium exchange rate determination, from PPP, through other reduced form models, to the macroeconomic balance approach. This volume is essentially empirical: what do we know about exchange rates? The different econometric and theoretical approaches taken by the various authors in this volume lead to mutually consistent conclusions. This consistency gives us confidence that significant progress has been made in understanding what are the fundamental determinants of exchange rates and what are the forces operating to bring them back in line with the fundamentals.
Download or read book The Collapse of the Dollar and How to Profit from It written by James Turk and published by Crown Currency. This book was released on 2008-11-19 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dollar is in trouble. Its value on foreign exchange markets has been falling for the past six years, and now its gradual decline is about to become a rout. This spells big trouble for the American economy—but potential riches for smart investors. In The Collapse of the Dollar and How to Profit from It, financial gurus James Turk and John Rubino show how the dollar arrived at this precipice, why it will continue to plunge, and how you can profit from the resulting financial crisis. The United States today is the world’s biggest debtor nation. To finance this mountain of debt, we’re flooding the world with dollars. The resulting oversupply of dollars will cause its value to decline until it is displaced as the world’s dominant currency. Precious metals will soar in value, and gold will reclaim its monetary role at the center of the global financial system. James Turk, a leading gold authority and the founder of GoldMoney.com, and John Rubino, editor of the popular Web site DollarCollapse.com offer strategies for investing in gold coins, gold stocks, gold-based digital currencies, and other hard assets to create a profitable portfolio. The Collapse of the Dollar and How to Profit from It is a must read for every citizen and investor.
Download or read book Global Trade and the Dollar written by Ms.Emine Boz and published by International Monetary Fund. This book was released on 2017-11-13 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document that the U.S. dollar exchange rate drives global trade prices and volumes. Using a newly constructed data set of bilateral price and volume indices for more than 2,500 country pairs, we establish the following facts: 1) The dollar exchange rate quantitatively dominates the bilateral exchange rate in price pass-through and trade elasticity regressions. U.S. monetary policy induced dollar fluctuations have high pass-through into bilateral import prices. 2) Bilateral non-commodities terms of trade are essentially uncorrelated with bilateral exchange rates. 3) The strength of the U.S. dollar is a key predictor of rest-of-world aggregate trade volume and consumer/producer price inflation. A 1 percent U.S. dollar appreciation against all other currencies in the world predicts a 0.6–0.8 percent decline within a year in the volume of total trade between countries in the rest of the world, controlling for the global business cycle. 4) Using a novel Bayesian semiparametric hierarchical panel data model, we estimate that the importing country’s share of imports invoiced in dollars explains 15 percent of the variance of dollar pass-through/elasticity across country pairs. Our findings strongly support the dominant currency paradigm as opposed to the traditional Mundell-Fleming pricing paradigms.
