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The Future of the Dollar
Book

The Future of the Dollar

Cornell UP, 2009 más...


Editorial Rating

7

Qualities

  • Analytical
  • Innovative
  • For Beginners

Recommendation

The dollar is dead; long live the dollar. That’s the message from this insightful look at the greenback’s future as the world’s reserve currency. Edited by Eric Helleiner and Jonathan Kirshner and including essays by half a dozen other academics, this overview plays out as a polite debate among professors. They offer useful historical and economic perspectives that will help readers understand the forces that make one currency a winner and another a loser. With a variety of contributors, however, the study suffers from a good deal of repetition of background material from one essay to the next, and an unevenness in writing styles that veer from clear to cloudy. While the book promises a spirited debate between “dollar optimists” and “dollar pessimists,” a close reading reveals that most of the contributors tend to fall into both camps simultaneously. getAbstract recommends this book to readers seeking an erudite review of the US dollar’s past, present and future in world currency markets.

Take-Aways

  • The 2008 financial crisis has renewed a decades-old debate about the US dollar’s role as the world’s dominant currency.
  • The US’s huge economy, vibrant capital markets, robust growth and political stability have ensured the dollar’s prime position.
  • The greenback still acts as “a medium of exchange” for most international trade.

About the Authors

Eric Helleiner is a professor of political science at the University of Waterloo, Ontario. Jonathan Kirshner is a professor of government at Cornell University.


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    P. B. getAbstract 1 decade ago
    Please vote: will the dollar get stronger or weaker compared to the Euro???
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    R. B. 1 decade ago
    Good read for all financially Interested.