LEADER 03501nam 22006015 450 001 9910502614003321 005 20220115131219.0 010 $a9783030835194 010 $a3030835197 024 7 $a10.1007/978-3-030-83519-4 035 $a(CKB)4100000012027034 035 $a(MiAaPQ)EBC6727852 035 $a(Au-PeEL)EBL6727852 035 $a(OCoLC)1287133557 035 $a(MiFhGG)9783030835194 035 $a(DE-He213)978-3-030-83519-4 035 $a(EXLCZ)994100000012027034 100 $a20210915d2021 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Global Currency Power of the US Dollar $eProblems and Prospects /$fby Anthony Elson 205 $a1st ed. 2021. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2021. 215 $a1 online resource (210 pages) 311 08$a9783030835187 311 08$a3030835189 327 $aChapter 1: The Dollar as a Global Currency -- Chapter 2: The Origins of the Global Currency Power of the US Dollar -- Chapter 3: The Growth in the Role of the Dollar as a Global Currency Power -- Chapter 4: The Benefits of the Dollar System to the United States and the Rest of the World -- Chapter 5: The Defects of the Dollar-Centered Global Financial System -- Chapter 6: Prospects for the Dollar -- Chapter 7: Possible Reforms of the Dollar-Centered Reserve System -- Chapter 8: The IMF and Reform of the Dollar-Centered Reserve System -- Chapter 9: The Dollar and Digital Currencies -- Chapter 10: Conclusions. 330 $aThis 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. 606 $aMacroeconomics 606 $aInternational economic relations 606 $aGlobalization 606 $aMacroeconomics and Monetary Economics 606 $aInternational Economics 606 $aGlobalization 615 0$aMacroeconomics. 615 0$aInternational economic relations. 615 0$aGlobalization. 615 14$aMacroeconomics and Monetary Economics. 615 24$aInternational Economics. 615 24$aGlobalization. 676 $a332.4973 676 $a332.4973 700 $aElson$b Robert Anthony$f1941-$0848317 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910502614003321 996 $aThe Global Currency Power of the US Dollar$92556498 997 $aUNINA