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The Dollar Trap

The Dollar Trap

The Dollar Trap

By: Eswar S. Prasad
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Publication Date:
May, 01 2014
Binding:
Hard Back
Availability :
In Stock

  • Rs 1,495.00

  • Ex Tax :Rs 1,495.00
  • Price in loyalty points :1420

Due to constant currency fluctuation, prices are subject to change with or without notice.

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Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including US government securities, other countries now have a strong incentive to prevent a dollar crash. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.