| Title:
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THE GLOBAL CURRENCIES CONUNDRUM
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| By: |
John Ryan (Editor) |
| Format: |
Paperback |
| List price:
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£34.60 |
| Our price: |
£31.14 |
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£3.46 |
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| ISBN 10: |
3034317670 |
| ISBN 13: |
9783034317672 |
| Availability: |
This item will be printed on demand and will usually be dispatched within 10 days.
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| Stock: |
Currently 0 available |
| Publisher: |
PETER LANG AG, INTERNATIONALER VERLAG DER WISSENSCHAFTEN |
| Pub. date: |
29 October, 2014 |
| Pages: |
149 |
| Description: |
This book examines four scenarios regarding the global currency regime of the future and China's influence therein. It focuses on the US Dollar decline as the global reserve currency, on the Euro as number two reserve currency, on the potential of the Renminbi to become a reserve currency, and on the IMF's Special Drawing Rights (SDRs). |
| Synopsis: |
This book discusses the emergence of a multi-polar currency system. With the US Dollar's hegemony as global reserve currency in question, it examines the role of the Federal Reserve in its decline, the emergence of the Euro in a multi-polar currency system and the Chinese influence in this most important policy arena. China's concerns about its US Dollar reserves are being amplified by the low returns of some of its investments in the United States. Today's reserve currency system effectively results in China lending to the US at very low interest rates. China needs to diversify out of the Dollar and it is this monetary policy that will fundamentally change the global currency scenario. China has been supportive of the Euro since its creation and is also lending support to the IMF's special drawing rights. At the same time, Chinese policy targets the internationalisation of the Renminbi and with that the creation of a multi-polar monetary order. |
| Publication: |
Switzerland |
| Imprint: |
Peter Lang AG, Internationaler Verlag der Wissenschaften |
| Returns: |
Returnable |