The Global Currency Power of the US Dollar: Problems and Prospects

This book explores the role of the US dollar as the primary reserve currency of the international financial system and evaluates its future prospects. It analyzes the factors that have contributed to the dollar's global currency power, the benefits it provides to the United States and other countries, and the potential costs associated with a dollar-centered reserve system. It also examines three alternative currency arrangements, such as a multi-reserve currency system, an enhanced role for the IMF, and the introduction of central bank digital currencies.

Format: Hardback
Length: 205 pages
Publication date: 16 September 2021
Publisher: Springer Nature Switzerland AG

The United States dollar serves as the primary reserve currency for the international financial system, holding a significant position of power and influence worldwide. This book delves into the factors that have contributed to the dollar's global currency dominance, examining the benefits it brings to the United States and other countries. It also explores the growing costs associated with the dollar-centered reserve system and the potential threats it poses to global financial stability.

In response to these concerns, the book examines three alternative currency arrangements. These include a shift to a multi-reserve currency system, where multiple currencies would be used as reserve assets, enhancing the International Monetary Fund's (IMF) role as an international lender of last resort and provider of global "safe" assets, and introducing central bank digital currencies.

The book provides a comprehensive analysis of the pros and cons of each alternative currency arrangement, discussing their potential benefits and challenges. It also sheds light on the political and economic implications of these changes, and the steps that need to be taken to implement them effectively.

Overall, this book offers a valuable insight into the dynamics of the global currency system and the potential alternatives to the dollar's dominance. It is a must-read for policymakers, economists, and anyone interested in understanding the future of international finance.
The United States dollar serves as the primary reserve currency for the international financial system, holding a significant position of power and influence worldwide. This book delves into the factors that have contributed to the dollar's global currency dominance, examining the benefits it brings to the United States and other countries. It also explores the growing costs associated with the dollar-centered reserve system and the potential threats it poses to global financial stability.

In response to these concerns, the book examines three alternative currency arrangements. These include a shift to a multi-reserve currency system, where multiple currencies would be used as reserve assets, enhancing the International Monetary Fund's (IMF) role as an international lender of last resort and provider of global "safe" assets, and introducing central bank digital currencies.

The book provides a comprehensive analysis of the pros and cons of each alternative currency arrangement, discussing their potential benefits and challenges. It also sheds light on the political and economic implications of these changes, and the steps that need to be taken to implement them effectively.

Overall, this book offers a valuable insight into the dynamics of the global currency system and the potential alternatives to the dollar's dominance. It is a must-read for policymakers, economists, and anyone interested in understanding the future of international finance.

The United States dollar serves as the primary reserve currency for the international financial system, holding a significant position of power and influence worldwide. This book delves into the factors that have contributed to the dollar's global currency dominance, examining the benefits it brings to the United States and other countries. It also explores the growing costs associated with the dollar-centered reserve system and the potential threats it poses to global financial stability.

In response to these concerns, the book examines three alternative currency arrangements. These include a shift to a multi-reserve currency system, where multiple currencies would be used as reserve assets, enhancing the International Monetary Fund's (IMF) role as an international lender of last resort and provider of global "safe" assets, and introducing central bank digital currencies.

The book provides a comprehensive analysis of the pros and cons of each alternative currency arrangement, discussing their potential benefits and challenges. It also sheds light on the political and economic implications of these changes, and the steps that need to be taken to implement them effectively.

Overall, this book offers a valuable insight into the dynamics of the global currency system and the potential alternatives to the dollar's dominance. It is a must-read for policymakers, economists, and anyone interested in understanding the future of international finance.

The United States dollar serves as the primary reserve currency for the international financial system, holding a significant position of power and influence worldwide. This book delves into the factors that have contributed to the dollar's global currency dominance, examining the benefits it brings to the United States and other countries. It also explores the growing costs associated with the dollar-centered reserve system and the potential threats it poses to global financial stability.

In response to these concerns, the book examines three alternative currency arrangements. These include a shift to a multi-reserve currency system, where multiple currencies would be used as reserve assets, enhancing the International Monetary Fund's (IMF) role as an international lender of last resort and provider of global "safe" assets, and introducing central bank digital currencies.

The book provides a comprehensive analysis of the pros and cons of each alternative currency arrangement, discussing their potential benefits and challenges. It also sheds light on the political and economic implications of these changes, and the steps that need to be taken to implement them effectively.

Overall, this book offers a valuable insight into the dynamics of the global currency system and the potential alternatives to the dollar's dominance. It is a must-read for policymakers, economists, and anyone interested in understanding the future of international finance.

Weight: 419g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030835187
Edition number: 1st ed. 2021