The Exhaustion of the Dollar: Its Implications for Global Prosperity

The Exhaustion of the Dollar: Its Implications for Global Prosperity

Author
H. Peter Gray (auth.)
Publisher
Palgrave Macmillan UK
Language
English
Edition
1
Year
2004
Page
XVIII, 228
ISBN
978-1-4039-9955-9,978-0-230-50020-4
File Type
pdf
File Size
781.0 KiB

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.

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