Exorbitant Burden (eBook)

The Impact of the U.S. Dollar's Reserve and Global Currency Status on the U.S. Twin-Deficits

Taranza T. Ganziro, Robert G. Vambery (Autoren)

eBook Download: EPUB

2016
280 Seiten
Emerald Group Publishing Limited (Verlag)
978-1-78560-640-3 (ISBN)

Infos

Many economists and experts interpret the U.S. twin-deficits, the twin-wars in Iraq and Afghanistan, the 2008 Great Recession that escalated the US debt to vertiginous altitudes"e; as the signs of time that the dollar is now set to repeat the history of the British Pound. But is really the role of the dollar"e; as a global currency and an international reserve asset"e; actually rewarded the United States with an exorbitant privilege? This book focuses on the opposite end of exorbitant privilege spectrum: the exorbitant burden the cost the very dollar reserve status impacts on the U.S. economy through the twin deficits. This economic and political science work is a rigorous quantitative analysis that demonstrates that although it is a privilege and a benefit for the US to have its currency, the dollar, as the leading world reserve currency, the privilege also proves to be a very significant economic and security burden imposed on the nation.

Produkt-Details

• Erscheint lt. Verlag: 6.1.2016
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• ISBN-10: 1-78560-640-9 / 1785606409
• ISBN-13: 978-1-78560-640-3 / 9781785606403