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

An award-winning economic journalist on why the US dollar is positioned to maintain global primacy-and what that means for America and the worldProphecies 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.

Product details

• Authors: Paul Blustein, Blustein Paul
• Publisher: Yale University Press Ltd
• Languages: English
• Product format: Hardback
• Released: 08.04.2025
• EAN: 9780300270969
• ISBN: 978-0-300-27096-9
• No. of pages: 320
• Dimensions: 162 mm x 242 mm x 23 mm
• Subjects: Education and learning > Teaching preparation > Vocational needs; Social sciences, law, business > Business > Economics; USA, HISTORY / United States / 21st Century, BUSINESS & ECONOMICS / Money & Monetary Policy, 21st Century, 21st century history: from c 2000 -, 21st century, c 2000 to c 2100, International Economics, United States of America, USA, History of the Americas, Monetary Economics, BUSINESS & ECONOMICS / International / Economics & Trade