| Srl | Item |
| 1 |
ID:
099071
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| Publication |
2010.
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| Summary/Abstract |
The national currency of the United States, the dollar, plays a critical international role. The privileged position of the dollar, which has greatly facilitated America's role in world politics, is now being questioned. This article argues that the international monetary system tends to be based on hegemony rather than super-sovereignty or multiplicity, and that no serious challengers to the dollar's hegemony have yet emerged. The dollar's predominance, however, is weakening and it has turned into a 'negotiated currency'. If its international roles are to be sustained, the dollar needs to be actively supported by other major economies. 'Negotiation' may fail as rising economies, most notably China, represent American political challengers rather than subordinate allies. Should the dollar cease functioning as the reliable international currency, in the absence of an alternative hegemonic currency, the world could see a more fundamental shift, such as the wider use of private international currencies.
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| 2 |
ID:
094664
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| Publication |
2010.
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| Summary/Abstract |
Newly-established data on onshore deliverable US dollar-RMB forwards and the Shanghai Interbank Offered Rate from October 2006 to April 2009 reveal significant violations of covered interest rate parity. This paper explains the cause of this anomaly. Deviations in the forward market are caused by an increase in US dollar-to-RMB conversion restrictions. Given that Chinese monetary authorities want to prevent market participants from taking advantage of the predictable appreciation of the RMB, China's State Administration of Foreign Exchange has to tighten up the control on US dollar-to-RMB conversions. Under the tightened conversion restrictions, similar deviations will resurface in the forward market whenever hot money inflow increases. One way to avoid covered interest rate parity violations in the forward market is to decrease hot money inflow into China by maintaining a stable and credible exchange rate policy.
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| 3 |
ID:
141700
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| Summary/Abstract |
Since the financial crisis hit in 2007, the US dollar privilege has not only become “exorbitant” but “extortianate.” Countries such as China are no longer willing to allow the USA to exercise this extortionate behavior. The potential geopolitical implications of a US dollar decline are immense. The USA would lose its privileged seigniorage position and with that the ability to achieve permanently higher returns on foreign assets than the returns paid to foreigners who invest in the USA. The global economy is already close to operating with three regional exchange rate anchors: the US dollar; the euro; and, increasingly, the renminbi. Hence, the transition to a tripolar system could occur sooner than many assert. Nevertheless, given the importance of financial deepening and integration in the internationalization of currencies, any shift will still be gradual.
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| 4 |
ID:
130835
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| 5 |
ID:
128808
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| Publication |
2013-14.
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| Summary/Abstract |
Since 9/11, the United States has waged a new brand of financial war against rogue regimes, terrorist groups, and criminal syndicates. By leveraging American global economic predominance, the US has isolated such actors from the financial system. The domain of financial warfare, however, is now no longer the sole province of the US and presents challenges from enemies and competitors.
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| 6 |
ID:
091949
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| 7 |
ID:
092193
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| 8 |
ID:
089444
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| 9 |
ID:
091457
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| Publication |
2009.
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| Summary/Abstract |
The global economic crisis has revealed the folly of large U.S. budget and trade deficits, as well as of the strong dollar that makes them possible. If it is serious about recovery, the United States must balance the budget, stimulate private saving, and embrace a declining dollar.
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| 10 |
ID:
086910
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| Publication |
New York, Monthly Review Press, 1972.
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| Description |
237p.
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 011467 | 330.12209/SWE 011467 | Main | On Shelf | General | |
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| 11 |
ID:
152758
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| Summary/Abstract |
This article assesses the feasibility of exchange rate fixation among the largest economies today, namely, the US, Japan, China and Germany/Eurozone, by reviewing variables according to the optimum currency areas framework. The hypothesis is that with greater interconnectedness in general through time there should be greater convergence in the monetary integration dimensions. The period examined spans from 1980 to 2012, an over-30-year period, encompassing the recent episode of global contraction. While the findings are mixed, economically they seem to suggest a general trend towards greater compatibility or at least one which is not in serious contradiction to exchange rate fixity, particularly for the US and Eurozone.
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| 12 |
ID:
088579
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| 13 |
ID:
126801
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| Publication |
London, IISS, 2013.
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| Description |
156p.Pbk
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| Standard Number |
9781138023604
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 057556 | 332.4/WHE 057556 | Main | On Shelf | General | |
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| 14 |
ID:
082293
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| 15 |
ID:
100977
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| 16 |
ID:
193473
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| Summary/Abstract |
This article draws on narratives from middle-class households in Beirut to examine their disenfranchisement amid the country’s financial collapse. A common expression, “There is no value,” is often used in allusion to extreme price fluctuation that has punctuated everyday life since the end of 2019. The phrase also speaks to the undoing of a middle-class lifestyle that emerged with the pegging of the Lebanese lira to the US dollar in the 1990s. Reflecting on how value is conceptualized at the level of the everyday leads into exploring some of the complex ways in which this middle-class milieu accessed credit following Lebanon’s civil war, and how everything has changed during the current dollar shortage.
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