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Author: José Rafael Abinader
Publisher: University Press of America
ISBN: 0761863869
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
One World Currency presents a serious study about the need for a single stable currency with timely, historical references and skillful economic analysis by noted economist José Rafael Abinader. This book describes how a global and universally accepted currency will lead to economic stability throughout the world as well as the means for the design, implementation, and administration for such a currency. In order to support his proposal, Abinader examines the competition between the so-called main world currencies, the U.S. dollar and the Euro, how competition leads to instability in developed and developing nations.
Author: José Rafael Abinader
Publisher: University Press of America
ISBN: 0761863869
Category : Business & Economics
Languages : en
Pages : 120
Get Book Here
Book Description
One World Currency presents a serious study about the need for a single stable currency with timely, historical references and skillful economic analysis by noted economist José Rafael Abinader. This book describes how a global and universally accepted currency will lead to economic stability throughout the world as well as the means for the design, implementation, and administration for such a currency. In order to support his proposal, Abinader examines the competition between the so-called main world currencies, the U.S. dollar and the Euro, how competition leads to instability in developed and developing nations.
Author: David Gomadza
Publisher: David Gomadza
ISBN:
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
Our system believes and gives respect to national sovereignty as the only means to solving all current global issues. Since with national sovereignty you have the only true way of creating wealth that will solve balance of payments, global deficit, global debt, unemployment, economic and financial issues among other things. Tomorrow’s World Order strongly believe that the only solution is through a sovereignty guaranteed right: the right to print fresh new money without worrying about loan repayments and interest to pay. It’s the only way to wealth. The current system is there to screw every country on earth but benefit a few. Only printing new money is the route to wealth and solving today’s global issues but it’s not just a case of printing money, that is where we come in because hyperinflation and general inflation are animals hard to tame but we have mastered the skills and I will tell you how. FutureGoldCoin [FCI] is a future global digital currency for transactions and is to act as a Single Reserve Global Currency [SRGC] to work with a Sovereign nation’s currency side by side to steer growth and increase wealth exponentially at the same time fighting hyperinflation as printing money shall be the only source of new money. Never Global Debt Again. Replaces Global Debt with Perpetual Savings. Every system must have a leader to prosper. A leader to protect it, to lead it and safeguard its future hence the rise of Tomorrow’s World Order [TWO] with sovereign powers to print our own money, write and enforce our laws globally. Strong leadership guarantees the survival and existence of any system. FutureGoldCoin is a digital currency together with our system and comprehensive approach will change the world as we know it today from global debt to huge national savings and global wealth. Our system and our currency the FCI will provide;✔ A fast and secure way to carry out global transactions.✔ A way of reducing transactions costs greatly globally.✔ Reduce major fluctuation risks.✔ Help to boost trade globally.✔ Help all nations generate huge savings and the needed new money to solve their problems.✔ A huge helper in fighting hyperinflation and normal inflation.✔ Will eliminate the Triffin Dilemma and the Beggar-thy-Neighbor problems so that a country will stand by itself and only its monetary skills will determine success or failure rather than be derailed by external forces.✔ Will not take away the sovereignty of any country which is the only way to be self-sufficient and the road to wealth, with the current system whenever a country uses another’s as a reserve currency it automatically loses this sovereignty and the ability to control its fiscal planning e.g. by devaluing the currency to increase exports. It relies on adjustments by the country whose reserve currency is in use and therefore technically under it.
Author: Barry Eichengreen
Publisher: Princeton University Press
ISBN: 0691191867
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the history of the modern global economy seems to support the long-held view that the currency of the world’s leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. Offering a new history of global finance over the past two centuries and marshaling extensive new data to test current theories of how global currencies work, the authors show that several national monies can share international currency status—and that their importance can change rapidly. They demonstrate how changes in technology and international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. In fact, they show that multiple international and reserve currencies have coexisted in the past—upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.
Author: Barry Eichengreen
Publisher: Oxford University Press
ISBN: 0199753784
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
It is, as a critic of U.S.
Author: Paola Subacchi
Publisher: Columbia University Press
ISBN: 0231543263
Category : Business & Economics
Languages : en
Pages : 252
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Book Description
Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation—and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge? In The People's Money, Paola Subacchi introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Subacchi revisits the policies that fostered the country's economic rise while at the same time purposefully creating a currency of little use beyond China's borders. She shows the key to understanding China's economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China's ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency's reach will play a major role in securing China's future.
Author: Anthony Elson
Publisher: Springer Nature
ISBN: 3030835197
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
This book explains how the US dollar serves as the primary reserve currency for the international financial system and assesses its prospects for the future. The book provides an analysis of the main factors that have given rise to the global currency power of the dollar and the key benefits that have accrued to both the United States and other countries from this arrangement. It then considers the growing costs that can be associated with the dollar-centered reserve system and the prospects for the medium-term in terms of its potential threats to global financial stability. In the light of these considerations, the book examines three alternative currency arrangements that could address some or all of the defects associated with the global currency power of the dollar. These include a shift to a multi-reserve currency system, an enhancement of the IMF’s role as an international lender of last resort and provider of global “safe” assets, and the introduction of central bank digital currencies. "A cogent, persuasive and timely look at the dollar's power." Kirkus Reviews
Author: Eswar Prasad
Publisher: Oxford University Press
ISBN: 0190631058
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also shows how much further it has to go before becoming a major international currency. The hype about its inevitable ascendance to global dominance is overblown.
Author: Eswar S. Prasad
Publisher: Princeton University Press
ISBN: 0691168520
Category : Business & Economics
Languages : en
Pages : 438
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Book Description
Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. 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 U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. 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.
Author: Benjamin J. Cohen
Publisher: Routledge
ISBN: 1136845887
Category : Political Science
Languages : en
Pages : 210
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Book Description
Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar’s shadow. The essays collected in this volume explain why. Because of America’s external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe’s money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users. As recent events have demonstrated, members of the euro zone remain vulnerable to financial crisis. Moreover, lacking a single voice, the bloc continues to punch below its weight in monetary diplomacy. The world seems headed toward a leaderless monetary order, with several currencies in contention but none clearly dominant. This collection distils the views of one of the world’s leading scholars in global currency, and will be of considerable interest to students and scholars of international finance and international political economy.
Author:
Publisher: Peterson Institute
ISBN: 0881325589
Category :
Languages : en
Pages : 237
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Book Description
