{"product_id":"the-dollar-trap-how-the-us-dollar-tightened-its-grip-on-global-finance-9780670087624","title":"The Dollar Trap: How the Us Dollar Tightened Its Grip On Global Finance","description":"\u003cp\u003e • Author(s): Eswar S. Prasad\u003cbr\u003e • Publisher: PRH India Local Print\u003cbr\u003e • Publisher Imprint: Penguin Portfolio\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cspan\u003eEswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshalling a range of arguments and data and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including US government securities, other countries now have a strong incentive to prevent a dollar crash.\u003c\/span\u003e\u003c\/p\u003e\u003cp\u003e\u003cspan\u003ePrasad takes the reader through key contemporary issues in international finance including the growing economic influence of emerging markets, the currency wars, the complexities of the China-US relationship and the role of institutions like the International Monetary Fund and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming that go on in the corridors of international finance.\u003c\/span\u003e\u003c\/p\u003e\u003cp\u003e\u003cspan\u003eThe Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.\u003c\/span\u003e\u003c\/p\u003e","brand":"PRH India Local Print","offers":[{"title":"Hardcover","offer_id":46122618618007,"sku":"9780670087624","price":650.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780670087624.webp?v=1769298649","url":"https:\/\/atlanticbooks.com\/products\/the-dollar-trap-how-the-us-dollar-tightened-its-grip-on-global-finance-9780670087624","provider":"Atlantic Books","version":"1.0","type":"link"}