ドルの枯渇：世界的繁栄への影響力 The Exhaustion of the Dollar : Its Implications for Global Prosperity

Gray, H. Peter

Palgrave Macmillan（2006/04発売）

• 製本 Paperback:紙装版/ペーパーバック版／ページ数 228 p.
• 言語 ENG
• 商品コード 9781403999559
• DDC分類 332.4973

基本説明

This study assesses the proposition that the series of U.S. current-account deficits over the lasttwenty years will shortly exhaust the capability of the dollar to continue as the key currency.

Full Description

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.

Contents

Preface to the Paperback Foreword; R.Canterbery PART I: INTRODUCTION The Purpose and Three Propositions PART II: HOW A HEGEMONIC SYSTEM WORKS Background Concepts and Relationships in a Globalized World A Theory of Balance-of-Payments Adjustment for the Hegemon A Model of Instability in Asset Markets PART III: EXHAUSTION: SOFT, HARD OR VERY HARD LANDING? The Data Assessing Propositions One and Two The Efficiency of Adjustment PART IV: CONFRONTING THE FUTURE Policy Options and Constraints The Transition Problem A Proposed Agenda for Redesign CONCLUDING ASSESSMENT The Grim Prospect Ahead The Implications of the Increasing U.S. International Dissaving in 2003 and 2004