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Description of The Dollar Crisis

"A sobering, timely wake–up call to the looming dangers of a massive – critically necessary – correction in the U.S. Richard Duncan writes with immense clarity and experience, weaving historical material into a rich tapestry of disturbing patterns, warning that the world cannot afford to ignore the lessons of Asian and Latin American financial crises – and Japan′s malaise – as an even greater economic threat looms. A must read, with economic seat belt buckled." – David H. Satterwhite, Managing Director, The Economist Conferences Corporate Network–Japan

"Richard Duncan has written a fascinating study of history in the making. He is right to propose that we need joint efforts by different stakeholders to overcome a coming monetary crisis." – Frank J. Richter, Director, Asia, World Economic Forum

"Hard on the heels of the collapse of the "new economy" is that of the "new finance". Richard Duncan crisply explains why payback time for years of US’s credit excesses, payments imbalances and securitized sub–par lending is imminent. Mr Greenspan, your time is up. The wisdom of Ludwig von Mises will prevail." – Philip Bowring, Columnist, International Herald Tribune

"Make no mistake – much of the discontent with the global financial system is rooted in the dollar standard. The risk of a dolar crisis is real and the author deserves much praise for clearly exposing a force that many seek to deny. A must read for anyone with a savings deposit." – Jesper Koll, Chief Economist, Merrill Lynch Japan

"This is a welcome attempt at exploring the symptoms of what may become a major financial storm. Is the world wise to expect the problem to find its own solution? Richard Duncan’s suggestions for a cure imply a degree of worldwide slump that may prove difficult to foster, but his arguments are worth listening to." – Philippe Delhaise, President, Capital Information Services Ltd

Title Information

ISBN:

9780470821022

Pages:

276 pages

Format:

Hardback

Product Code:

17564

Publisher:

John Wiley & Sons Ltd

Published:

03/06/2003

Edition:

1st Edition

Press and Industry Reviews

"..a longer and more detailed case is made in a new book by Richard Duncan..."
Financial Times, 14 June 2003

"...a provocative new book..."
Grant's, 15 August 2003

Write a review of this book

About Richard Duncan

Richard Duncan has worked as a financial analyst in Asia for more than 16 years, conducting research and publishing investment reports on companies, industries, and economics from India to Korea.

In 1993, Mr. Duncan one of the first to warn of the impending collapse of the Thai economy and the Thai stock market in a series of published reports and speeches directed at institutional investors. At the height of the Asian crisis, he worked as a consultant for the International Monetary Fund in Thailand. Subsequently, he joined the World Bank in Washington DC as a Financial Sector Specialist focusing on issues related to the economic crisis in Asia.

Mr. Duncan studied economics and literature at Vanderbuilt University and business and finance at Babson College. His interest in history developed during a year spent travelling around the world after graduation. He and his wife, Jareeyu, currently reside in Hong Kong.

Contents of The Dollar Crisis

PART ONE: THE ORIGIN OF ECONOMIC BUBBLES.
Introduction
1. The Imbalance of Payments
2. Effervescent Economies
3. The New Paradigm Bubble
4. The Great American Bubble (of the 1920s)

PART TWO: FLAWS IN THE DOLLAR STANDARD
Introductio
5. The New Paradigm Recession
6. The Fate of the Dollar: Half a Trillion Reasons Why the Dollar Must Collapse
7. Asset Bubbles and Banking Crises
8. Deflation

PART THREE: GLOBAL RECESSION AND THE DEATH OF MONETARISM
Introduction
9. Global Recession: Why, When, and How Hard
10. The End of the Era of Export-led Growth
11. Monetarism is Drowning

PART FOUR: POLICY TOOLS FOR THE 21ST CENTURY
Introduction
12. A Global Minimum Wage
13. Controlling the Global Money Supply

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