Research Catalog
The exhaustion of the dollar : its implications for global prosperity
- Title
- The exhaustion of the dollar : its implications for global prosperity / H. Peter Gray.
- Author
- Gray, H. Peter.
- Publication
- New York : Palgrave Macmillan, 2004.
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Request in advance | HB3722 .G73 2004 | Off-site |
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Details
- Description
- xi, 215 pages : illustrations; 23 cm
- Summary
- "The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of U.S. current-account deficits over the last twenty years will shortly exhaust the capability of the dollar to continue as the key currency. The evidence in support of the proposition is strong. The implications of exhaustion will be serious and need to be addressed quickly."--BOOK JACKET.
- Subjects
- Bibliography (note)
- Includes bibliographical references (p. 205-210) and index.
- Contents
- Pt. I. Introduction -- 1. The purpose and three propositions -- Pt. II. How a hegemonic system works -- 2. Background concepts and relationships in a globalized world -- 3. A theory of balance-of-payments adjustment for the hegemon -- 4. A model of instability in asset markets -- Pt. III. Exhaustion : soft, hard or very hard landing -- 5. The data -- 6. Assessing propositions one and two -- 7. The efficiency of adjustment -- Pt. IV. Confronting the future -- 8. Policy options and constraints -- 9. The transition problem -- 10. A proposed agenda for redesign -- Pt. V. Concluding assessment -- 11. The grim prospect ahead.
- ISBN
- 1403918856
- LCCN
- 2004042733
- OCLC
- ocm54415621
- SCSB-5105478
- Owning Institutions
- Columbia University Libraries