The Exhaustion of the Dollar

Af H. Gray
  • Palgrave Macmillan
  • 2004
  • Elektronisk medie
  • English
  • Udgave er ikke defineret
  • 9780230500204

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.