The Exhaustion of the Dollar
Its Implications for Global Prosperity| By: | H. Gray |
| Publisher: | Springer Nature |
| Print ISBN: | 9781403999559 |
| eText ISBN: | 9780230500204 |
| Edition: | 0 |
| Copyright: | 2004 |
| Format: | Page Fidelity |
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The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of U.S. current-account deficits over the last twenty years will shortly exhaust the capability of the dollar to continue as the key currency.