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The Future of the Dollar
Contributor(s): Helleiner, Eric (Editor), Kirshner, Jonathan (Editor)
ISBN: 0801448255     ISBN-13: 9780801448256
Publisher: Cornell University Press
OUR PRICE:   $128.70  
Product Type: Hardcover - Other Formats
Published: September 2009
Qty:
Additional Information
BISAC Categories:
- Business & Economics | Money & Monetary Policy
- Business & Economics | International - General
- Business & Economics | Economics - General
Dewey: 332.497
LCCN: 2009008775
Series: Cornell Studies in Money
Physical Information: 0.9" H x 6" W x 9" (1.05 lbs) 272 pages
 
Descriptions, Reviews, Etc.
Publisher Description:

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.

Contributors: David Calleo, The Johns Hopkins University; Benjamin Cohen, University of California, Santa Barbara; Marcello de Cecco, Scuola Normale Superiore di Pisa, Italy; Eric Helleiner, University of Waterloo; Harold James, Princeton University and European University Institute; Jonathan Kirshner, Cornell University; Ronald I. McKinnon, Stanford University; Herman Schwartz, University of Virginia


Contributor Bio(s): Helleiner, Eric: - Eric Helleiner is Professor and Faculty of Arts Chair in International Political Economy, Department of Political Science and Balsillie School of International Affairs, University of Waterloo. He is the author of States and the Reemergence of Global Finance: From Bretton Woods to the 1990s and The Making of National Money: Territorial Currencies in Historical Perspective and coeditor of The Great Wall of Money: Power and Politics in China's International Monetary Relations, all from Cornell.Kirshner, Jonathan: - Jonathan Kirshner is Professor in the Department of Political Science at Boston College and the author of numerous books, including Hollywood's Last Golden Age.