King Dollar : The Past and Future of the World's Dominant Currency.

Format:

Book

Author/Creator:

Blustein, Paul.

Language:

English

Subjects (All):

Dollar, American--History.

Dollar, American.

Monetary policy--United States.

Monetary policy.

International finance.

Physical Description:

1 online resource (0 pages)

Edition:

1st ed.

Place of Publication:

New Haven : Yale University Press, 2025.

Summary:

"An award-winning economic journalist on why the US dollar is positioned to maintain global primacy--and what that means for America and the world. Prophecies that the dollar will lose its status as the world's dominant currency have echoed for decades--and are increasing in volume. Cryptocurrency enthusiasts claim that Bitcoin or other blockchain-based monetary units will replace the dollar. Foreign policy hawks warn that China's renminbi poses a lethal threat to the greenback. And sound money zealots predict that mounting US debt and inflation will surely erode the dollar's value to the point of irrelevancy. Contra the doomsayers, Paul Blustein shows that the dollar's standing atop the world's currency pyramid is impregnable, barring catastrophic policy missteps by the US government. Recounting how the United States has wielded the dollar to impose devastating sanctions against adversaries, Blustein explains that although targets such as Russia have found ways to limit the damage, Washington's financial weaponry will retain potency long into the future. His message, however, is that America must not be complacent about the dollar; the great power that its supremacy confers comes with commensurate responsibility."-- Amazon.com.

Contents:

Cover

Half Title

Title

Copyright

Dedication

Contents

Preface to the Paperback Edition

List of Abbreviations

Chapter 1: With Great Power

Chapter 2: From Humble Origins to King of Currencies

Chapter 3: Maintaining the Throne, through Thick and Thin

Chapter 4: Pretenders to the Throne

Chapter 5: Weaponization

Chapter 6: "Open an account on the moon-we can go after that

Chapter 7: Newfangledness

Chapter 8: To CBDC or Not to CBDC

Chapter 9: Roaring in the Twenties

Chapter 10: Punches Landed, Punches Pulled

Chapter 11: . . . Comes Great Responsibility

Author's Note and Acknowledgments

Notes

Index.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9780300281248

0300281242

OCLC:

1498584588