C. Fred Bergsten
Author
Language
English
Description
Conflicts over currency valuations are a recurrent feature of the modern global economy. To strengthen their international competitiveness, many countries resort to buying foreign currencies to make their exports cheaper and their imports more expensive. In the first decade of the 21st century, for example, China's currency manipulation practices were so flagrant that they produced a backlash in the United States and other trading partners, prompting...
Author
Language
English
Description
The Marvelous History of the U.S. Dollar examines the 'greenback's' history, allure, and unique role as a catalyst for globalization, and how the American buck became so almighty that "$" is the most powerful symbol on earth. It also explores the power of the Federal Reserve, the inner sanctums of foreign central banks that stockpile the currency, and the little-known circles of foreign exchange traders that determine a currency's worth.