The Dollar Trap

Author: Eswar S. Prasad
Publisher: Princeton University Press
ISBN: 9781400873647
Release Date: 2015-08-25
Genre: Business & Economics

The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.

The Dollar Trap

Author: Eswar Prasad
Publisher:
ISBN: 0691161127
Release Date: 2014
Genre: Business & Economics

Looks at how the American dollar came to be of central importance in the world economy, and why it will continue to be so for the foreseeable future, due to a firmly established, dollar-centric international finance system.

Der Euro

Author: Hans-Werner Sinn
Publisher: Carl Hanser Verlag GmbH Co KG
ISBN: 9783446444690
Release Date: 2015-10-19
Genre: Political Science

Von Anfang an sollte der Euro mehr sein als eine Währung: Er verkörpert den Wunsch nach Einheit und Frieden in Europa. Doch gut ein Jahrzehnt nach seiner Einführung geht ein tiefer Riss durch Europa. Im Süden bleibt die Arbeitslosigkeit unerträglich, die Wirtschaft liegt am Boden. Der Norden sieht sich in die Rolle des Zahlmeisters gedrängt und wird von der EZB in Geiselhaft genommen. So wächst auf beiden Seiten die Unzufriedenheit. Wir haben einen politischen Weg eingeschlagen, der unsere Marktwirtschaft, die Demokratie und den Frieden in Europa gefährdet. Hans-Werner Sinn liefert in diesem Buch eine Analyse der jüngsten Entwicklungen und zeigt, was zu tun ist, um die Krise zu beenden.

M rkte im Umbruch

Author: Mohamed El-Erian
Publisher: FinanzBuch Verlag
ISBN: 9783862484690
Release Date: 2013-10-08
Genre: Political Science

Die globalen Wirtschaftssysteme ändern sich rasant und werden zunehmend von heftigen Krisen geschüttelt. Nationen die bis vor kurzem noch in Wohlstand schwelgten, stehen kurz vor dem finanziellen Kollaps und sehen sich auf einmal vor ganz neue Herausforderungen gestellt. Vielen Börsianern geht es nicht anders. Die Handelsstrategien von gestern funktionieren heute nicht mehr. Investoren müssen die Märkte ganz neu interpretieren und bewerten. Nur wie? Das Buch zeigt mögliche Wege und Szenarien, mit denen sich Investoren auf die künftigen Herausforderungen der Weltwirtschaft optimal vorbereiten. Es gibt Strategien an die Hand, Fehldeutungen zu vermeiden und seine Vermögenswerte zu schützen. Mit durchdachten und einfach nachzuvollziehenden Erläuterungen beleuchtet El-Erian die Ursachen und die Konsequenzen der aktuellen Verfassung der globalen Wirtschafts- und Finanzsysteme.

Wer dem Gl ck hinterherrennt l uft daran vorbei

Author: Russ Harris
Publisher: Kösel-Verlag
ISBN: 9783641038229
Release Date: 2010-03-04
Genre: Self-Help

Ausstieg aus der Glücksfalle: Besser leben als dem Glück nachjagen Kann das sein? Dass unsere Vorstellungen über das Glück uns unglücklich machen? Dieses spannende Umdenkbuch beruht auf einem bahnbrechenden Ansatz in der Psychologie: der Akzeptanz- und Commitment-Therapie (ACT). Die in kürzester Zeit erlernbaren Techniken haben ihre Wirksamkeit in vielen wissenschaftlichen Studien bewiesen. Die Folge: Sorgen und Stress müssen nicht mehr angestrengt bekämpft werden. Selbst wenn uns Schwierigkeiten begegnen, können wir ein tief erfülltes Leben führen. "Das Buch liegt bei mir am Nachttisch und ich befolge fleißig die Übungsanleitungen. Es ist klug, zugleich leichtfüßig und amüsant und bestimmt eine große Hilfe für viele Menschen. Ach was – für alle eigentlich." Konstantin Wecker

Das Ende der Weltwirtschaft und ihre Zukunft

Author: Nouriel Roubini
Publisher: Campus Verlag
ISBN: 9783593408309
Release Date: 2010-05-11
Genre: Social Science

Nouriel Roubini ist der neue Superstar der Ökonomie. Kein anderer Ökonom hat so frühzeitig und präzise vor der Wirtschaftskrise gewarnt wie er. Zunächst von Fachkollegen ungläubig bestaunt, haben sich seine Prognosen als äußerst treff - sicher erwiesen. In seinem Buch liefert er eine große und fundierte Analyse der Krise und beantwortet die wichtigsten Fragen, die Wirtschaft, Politik und Gesellschaft aktuell bewegen, wie: Wer ist schuld an der Krise, die Märkte oder der Staat? Was ist die Zukunft des Kapitalismus? Wie können wir das globale Wirtschaftssystem reformieren, um zukünftige Krisen zu verhindern? Roubini erklärt die globalen wirtschaftlichen Zusammenhänge ganz neu. Er schaut für uns in die Zukunft und sagt, wie die Weltwirtschaft aus der Krise herauskommen kann und draußen bleiben wird.

Non Traditional Security Challenges in Asia

Author: ShebontiRay Dadwal
Publisher: Routledge
ISBN: 9781351556187
Release Date: 2017-07-05
Genre: Social Science

Asia is challenged by a number of non-traditional security issues including the food?energy?water nexus, climate change, transnational crime, terrorism, disaster relief and economic performance. This volume categorizes and clarifies some key emerging issues in the area and looks at their interconnectedness and implications.The essays explore how non-traditional issues can manifest as security challenges, and the role of the state and military in dealing with these. Issue-based and area-specific, they rely on facts and interpretation of data, avoiding alarmist predictions. A nuanced and analytical approach into an uncharted area, this book will be essential for policymakers, researchers and students of security and strategic studies, foreign policy, sociology and political economy, as well as the general readers.

Die unterste Milliarde

Author: Paul Collier
Publisher: Pantheon Verlag
ISBN: 9783641204945
Release Date: 2017-02-27
Genre: Social Science

Der vielfach preisgekrönte Longseller jetzt in einer neuen Ausgabe Die unterste Milliarde – das sind die ärmsten Menschen der Erde, die am weltweit steigenden Wirtschaftswachstum keinen Anteil haben. Ihre Lebenserwartung ist auf fünfzig Jahre gesunken, jedes siebte Kind stirbt vor dem fünften Lebensjahr. Seit Jahrzehnten befinden sich die Ökonomien dieser Länder im freien Fall – ohne Aussicht auf Besserung. In seinem vielfach preisgekrönten Bestseller erklärt Paul Collier, wie es zu dieser krassen Armut gekommen ist und was man gegen sie tun kann.

Global Financial Crisis and Challenges for China

Author: Dr Mu Yang
Publisher: World Scientific
ISBN: 9789814434621
Release Date: 2012-07-25
Genre:

The book analyzes the nature of Chinese economy which enables it to go through the financial tsunami pretty unscathed. It discusses the stimulus package designed by the Chinese government to keep the economy on course, as well as its results ? both positive and negative aspects in the middle and long term. The 2008?09 financial crisis makes it very clear that we need a two-pronged approach to deal with the situation, namely governments need a) to take quick and decisive actions to stem any further deterioration in financial systems; b) to revamp their economies by refitting existing engines in the real economy. China, as the third largest economy in the world, and with its robust domestic consumption and a healthy financial system, is one of the most important drivers to pull the world out of recession. According to the Chinese leadership, China's main contribution is to keep its own economy running smoothly. In response to the crisis, the Beijing government has poured money into the following sectors: public housing, earthquake reconstruction, physical infrastructure, social security, education and healthcare. So far, the results have helped China to maintain the targeted high growth. Given the open nature of its economy, its high growth has also benefited other countries, thereby contributing to the global economy. The current crisis strengthens a trend that has emerged since the Asian financial crisis of 1997. And that is the enhanced economic integration of China with its East Asian neighbours and Southeast Asia. This augurs well for East Asian regionalism which may include the birth of Asian Monetary Fund. The global environment in the wake of the crisis poses new challenges to China, for example, in the form of shrinking size of its traditional export market in the USA and Europe. China needs to modify its strategy from previous export-oriented and investment-driven strategy into one with more emphasis on consumption. There is a lot of scope for China to embark on productive consumption such as cleaning up the environment, physical infrastructure, social security, education and healthcare. If done well, they will lay a firm basis for long-term economic development. It represents an occasion for China to embark on a nation-wide effort to upgrade its economy in the key sectors. At the same time, attention needs to be paid to improving economic-legal institutional framework to support China's role as a major global player.Contents: IntroductionThe 2008 Financial Crisis and the Chinese EconomyShanghai as an International Financial CentreThe Renminbi DebatePromoting China-ASEAN Economic CooperationThe Flying Geese ModelReflections on Developmental ModelsBy Way of Conclusion: Some Random Thoughts Readership: Academics interested in Asian Studies, China's economy and the financial crisis; general public.

Economic Crisis and Rule Reconstruction

Author: Deming Chen
Publisher: World Scientific
ISBN: 9789814740968
Release Date: 2016-09-08
Genre: Business & Economics

The 2008 global economic crisis resulted in many new changes in global economic governance, multilateral trading system, the Group20 major economies, regional economic cooperation and other international governance platforms. Countries around the world have begun a complex battle to make sure rules are changed in their favor. Furthermore, rule reconstruction has a definite and profound impact on the international economic situation and national trade interests. This book by Former Chinese Minister of Commerce Chen Deming, aims to highlight the focal issues of the competition and negotiations with a panoramic depiction of the complicated state of international economic and trade rule reconstruction. The chapters in the book discuss rules of global governance, reflect on the crisis rarely seen in the past century, and raise the proposition of rule reconstruction. They also focus on multilateral trading system, regional economic cooperation and related international financial rules. Detailed deliberations on various kinds of trade rules including rules of services trade, government procurement, intellectual property, investment, international development cooperation, etc are also dealt with. Lastly, the book provides an outlook on the path, direction and key issues of international economic rule reconstruction, and offers recommendations on China's engagement.

The Status Quo Crisis

Author: Eric Helleiner
Publisher: Oxford University Press
ISBN: 9780199973651
Release Date: 2014-06-19
Genre: Political Science

The 2008 financial crisis was the worst since the Great Depression and many voices argued that it would transform global financial governance. Analysts anticipated a "Bretton Woods moment", referring to the 1944 conference that established the postwar international financial order. Widespread expectations of change were then reinforced by the creation of the G20 leaders' forum, extensive debates about the dollar's global role, the launching of international financial regulatory reforms, and the establishment of the Financial Stability Board. But half a decade later, how much has really changed? In The Status Quo Crisis, Helleiner surveys the landscape and argues that continuity has marked global financial governance more than dramatic transformation. The G20 leaders forum contributed much less to the management of the crisis than advertised. The US dollar remains unchallenged as the world's dominant international currency. The market-friendly nature of pre-crisis international financial regulation has been not overturned in a significant manner. And the Financial Stability Board has strengthened the governance of international financial standards in only very modest ways. What we are left with are some small-bore incremental changes that, collectively, have not fundamentally restructured the governance of the global financial system. Helleiner argues that this strangely conservative result was generated partly by the structural power and active policy choices of the country at the center of the crisis: the United States. Status quo outcomes also reflected the unexpected weakness of Europe and conservatism of policymakers in large emerging market countries. Only if this distinct configuration of power and politics among and within influential states shifted in the coming years might the 2008 crisis leave a more transformative legacy over the longer term. Cutting against much of the received wisdom on offer today, The Status Quo Crisis will be essential reading for those interested in the politics of global finance and for anyone curious how expectations of change can be thwarted after even in the most dire of crises.

Crashed

Author: Adam Tooze
Publisher: Siedler Verlag
ISBN: 9783641192778
Release Date: 2018-09-10
Genre: Business & Economics

Zehn Jahre danach: Der Finanzcrash und seine dramatischen Folgen Als die US-Großbank Lehman Brothers im September 2008 zusammenbrach, war dies der Tiefpunkt der Banken- und Finanzkrise. Und obwohl der totale Kollaps der Weltwirtschaft damals verhindert wurde, ist die Finanzkrise noch lange nicht Geschichte, wie der britische Historiker Adam Tooze zeigt. Er schildert, wie es zu dieser Krise der Finanzmärkte kam und welche dramatischen Folgen sie bis heute hat. Denn nicht nur ist durch die Finanzkrise die Stabilität Europas ins Wanken geraten, sie hat auch das Vertrauen in die Kraft der globalen Wirtschaftsordnung erschüttert – und so zum Aufstieg der Populisten beigetragen.

American Power after the Financial Crisis

Author: Jonathan Kirshner
Publisher: Cornell University Press
ISBN: 9780801454783
Release Date: 2014-09-04
Genre: Political Science

The global financial crisis of 2007–2008 was both an economic catastrophe and a watershed event in world politics. In American Power after the Financial Crisis, Jonathan Kirshner explains how the crisis altered the international balance of power, affecting the patterns and pulse of world politics. The crisis, Kirshner argues, brought about an end to what he identifies as the "second postwar American order" because it undermined the legitimacy of the economic ideas that underpinned that order—especially those that encouraged and even insisted upon uninhibited financial deregulation. The crisis also accelerated two existing trends: the relative erosion of the power and political influence of the United States and the increased political influence of other states, most notably, but not exclusively, China. Looking ahead, Kirshner anticipates a “New Heterogeneity” in thinking about how best to manage domestic and international money and finance. These divergences—such as varying assessments of and reactions to newly visible vulnerabilities in the American economy and changing attitudes about the long-term appeal of the dollar—will offer a bold challenge to the United States and its essentially unchanged disposition toward financial policy and regulation. This New Heterogeneity will contribute to greater discord among nations about how best to manage the global economy. A provocative look at how the 2007–2008 economic collapse diminished U.S. dominance in world politics, American Power after the Financial Crisis suggests that the most significant and lasting impact of the crisis and the Great Recession will be the inability of the United States to enforce its political and economic priorities on an increasingly recalcitrant world.

Danse Macabre

Author: Stephen King
Publisher: Heyne Verlag
ISBN: 9783641054014
Release Date: 2011-02-18
Genre: Fiction

»Wir erfinden Horror, damit wir im wahren Leben besser klarkommen.« Stephen King Der Meister des Horrors reicht uns die Hand zum Totentanz. Das Grundlagenwerk über die Geschichte des Horrors in Literatur und Film vom Viktorianischen Zeitalter bis heute. Mit einem neuen Essay: »Über das Unheimliche«

Global Markets and National Interests

Author: Lincoln Palmer Bloomfield
Publisher: CSIS
ISBN: 0892064048
Release Date: 2002
Genre: Political Science

The explosion of applied technology around the globe is redefining national interests. This book traverses the fields of energy, finance, and national security to offer a look at the new century's new geopolitics. Experts in all three areas join in a conversation about the ways in which globalization is affecting U.S. foreign policy. Their goal: to break free of predictive or policy-prescriptive trains of analysis.