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The Exhaustion of the Dollar

Its Implications for Global Prosperity

  • H. Peter Gray

Table of contents

  1. Front Matter
    Pages i-xi
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. H. Peter Gray
      Pages 3-32
  3. How a Hegemonic System Works

  4. Exhaustion: Soft, Hard or Very Hard Landing

    1. Front Matter
      Pages 87-87
    2. H. Peter Gray
      Pages 89-110
    3. H. Peter Gray
      Pages 111-126
    4. H. Peter Gray
      Pages 127-139
  5. Confronting the Future

    1. Front Matter
      Pages 141-141
    2. H. Peter Gray
      Pages 143-156
    3. H. Peter Gray
      Pages 157-161
    4. H. Peter Gray
      Pages 162-171
  6. Concluding Assessment

    1. Front Matter
      Pages 173-173
    2. H. Peter Gray
      Pages 175-181
  7. Back Matter
    Pages 182-215

About this book

Introduction

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.

Keywords

efficiency instability Options stability transition

Authors and affiliations

  • H. Peter Gray
    • 1
    • 2
  1. 1.Rutgers - the State UniversityUSA
  2. 2.Rensselaer Polytechnic InstituteUSA

Bibliographic information

Industry Sectors
Finance, Business & Banking