The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance [Audiobook] by Eswar S. Prasad
English | May 6th, 2014 | ASIN: B00JWW2ALO, ISBN: 0670087629 | M4B@64 kbps | 12 hrs 33 mins | 340.74 MB
Narrator: Dennis Holland
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.