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- Product code: 21418
- ISBN: 0470821701,
ISBN13: 9780470821701,
320 pages, paperback
Published by John Wiley & Sons on 2005
, Revised edition Rate this book...
Rating: 0.0/5 (0 votes cast)
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Description of The Dollar Crisis |
In this updated, second edition of the highly acclaimed international best seller, "The Dollar Crisis: Causes, Consequences, Cures", Richard Duncan describes the flaws in the international monetary system that have destabilized the global economy and that may soon culminate in a deflation-induced worldwide economic slump. "The Dollar Crisis" is divided into five parts. Part One describes how the US trade deficits, which now exceed US$1 million a minute, have destabilized the global economy by creating a worldwide credit bubble. Part Two explains why these giant deficits cannot persist and why a US recession and a collapse in the value of the Dollar are unavoidable. Part Three analyzes the extraordinarily harmful impact that the US recession and the collapse of the Dollar will have on the rest of the world.Part Four offers original recommendations that, if implemented, would help mitigate the damage of the coming worldwide downturn and put in place the foundations for balanced and sustainable economic growth in the decades ahead.
Part Five, which has been newly added to the second edition, describes the extraordinary evolution of this crisis since the first edition was completed in September 2002. It also considers how the Dollar Crisis is likely to unfold over the years immediately ahead, the likely policy response to the crisis, and why that response cannot succeed. The Dollar Standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the 21st Century.
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ReviewsFrom first edition:
"...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
| Contents of The Dollar Crisis |
Introduction
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.
Introduction
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
PART FIVE
14. Deflation: The Red's Greatest Fear
15. The Run on the Dollar
16. The great Reflation
17. Understanding Interest Rates
18. What's Worrying The Chairman
19. After Reflation, Deflation
20. Bernankeism, Anticipating The Policy Response To Global Deflation
Conclusion
Index
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About R. Duncan |
Richard Duncan has worked as a financial analyst for more than 16 years. During his career, he has worked in many leading companies such as Salomon Brothers, HSBC Securities, International Monetary Fund and The World Bank.
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Customer Reviews of The Dollar Crisis- It has brought out vividly the causes and consequences but perhaps more work would be needed to come out with an appropriate cures
- by Dr S.N.Ghosal on 29/09/2008
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