The Global Recession Risk
Dollar Devaluation and the World Economy| By: | C. Peláez |
| Publisher: | Springer Nature |
| Print ISBN: | 9780230521506 |
| eText ISBN: | 9780230206595 |
| Edition: | 0 |
| Copyright: | 2007 |
| Format: | Page Fidelity |
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A fire sale of US debt could cause a global recession through disorderly devaluation of the dollar, raising interest rates and crashing stock markets. The G7 doctrine of shared responsibility intends to coordinate regional efforts. This book analyzes the main issues and individual regions, including China, Japan, the EU and the USA.