Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System by Eisen, Sara;

Short description:

From the game-changing consequences of the U.S. dollar replacing the British sterling as the world's reserve currency to the beginning and end of the Bretton Woods Agreement--exchange rate policy drastically changes the way we do business, consume goods and services, and createwealth. The global financial system is once again on the cusp of change, affected by the European debt crisis, the rebalancing of the Chinese economy, and the Federal Reserve's controversial policy of quantitative easing, to name a few. To help investors in all walks of life understand and adapt to the changes ahead, Bloomberg Television's Sara Eisen presents Currencies After the Crash.

In this insightful and timely book, Eisen brings together the world's leading minds in the foreign exchange market. These brand-new, never-before-published essaysfrom renowned academics and sought-after practitioners delve into the global financial system's instability, potential solutions and surrounding controversies, and how specific changes will affect your future wealth. Thiscomplete resource gives you all the fundamental background needed to understand the more complex issues that follow, including:

• Will the U.S. dollar lose its precious reservecurrency status?
• How have central bank policies affected the world's major currencies?
• How does China's control over its currency affect the world?
• What are the benefits and dangers of a shared currency like the euro?
• How has the U.S. dollar’s prominence declined since the financial crisis?
• What is the responsibility of global groups like the International Monetary Fund and G-20 in foreign exchange?
• What role, if any, should gold play in theinternational monetary system?

Start adapting your investing strategies today based on tomorrow's fiscal changes with Currencies After the Crash.

Long description:

From the brightest minds in the field—a revealing look at how countries use their currencies to achieve prosperity . . . and the coming repercussions

Bloomberg Television's Sara Eisen sheds light on the complex global financial system through this illuminating collection of essays. She hand selected the crème de la crème of authors from the world's most prestigious academic institutions and esteemed professional organizations to share—for the first time in print—their observations and deductions on the topics that matter most to you and your future wealth, including:

•  THE RELATIONSHIP BETWEEN CURRENCIES AND FINANCIAL CRISES
•  THE FLAWS WITHIN THE INTERNATIONAL EXCHANGE RATE SYSTEM AND THEIR CONSEQUENCES
•  HOW EMERGING MARKETS FIT INTO THE CURRENT AND FUTURE EXCHANGE RATE FRAMEWORK
•  THE IMPACT EXCHANGE RATES HAVE ON FREE TRADE AND ECONOMIC GROWTH
•  WHAT DEFINES A "SAFE HAVEN" CURRENCY AND ITS ROLE
•  POTENTIAL SOLUTIONS TO THE CURRENT ECONOMIC PROBLEMS

"Today's fiat currency system is based upon trust among market participants, politicians, and central bankers--and that trust is assembled around the reserve currency that enjoys an exorbitant privilege. The reserve status is in doubt in a post financial crisis era but alternatives are lacking. . . . This book is a great guide on how the global currency system is morphing into apotential new standard, but not without the necessary volatility." —Ben Emons, Senior Vice President, Portfolio Manager, PIMCO

From the brightest minds in the field—a revealing look at how countries use their currencies to achieve prosperity . . . and the coming repercussions

Bloomberg Television's Sara Eisen sheds light on the complex global financial system through this illuminating collection of essays. She hand selected the crème de la crème of authors from the world's most prestigious academic institutions and esteemed professional organizations to share—for the first time in print—their observations and deductions on the topics that matter most to you and your future wealth, including:

•  THE RELATIONSHIP BETWEEN CURRENCIES AND FINANCIAL CRISES
•  THE FLAWS WITHIN THE INTERNATIONAL EXCHANGE RATE SYSTEM AND THEIR CONSEQUENCES
•  HOW EMERGING MARKETS FIT INTO THE CURRENT AND FUTURE EXCHANGE RATE FRAMEWORK
•  THE IMPACT EXCHANGE RATES HAVE ON FREE TRADE AND ECONOMIC GROWTH
•  WHAT DEFINES A "SAFE HAVEN" CURRENCY AND ITS ROLE
•  POTENTIAL SOLUTIONS TO THE CURRENT ECONOMIC PROBLEMS

"Today's fiat currency system is based upon trust among market participants, politicians, and central bankers--and that trust is assembled around the reserve currency that enjoys an exorbitant privilege. The reserve status is in doubt in a post financial crisis era but alternatives are lacking. . . . This book is a great guide on how the global currency system is morphing into apotential new standard, but not without the necessary volatility." —Ben Emons, Senior Vice President, Portfolio Manager, PIMCO

Table of Contents:

Preface
Introduction
CHAPTER 1: The Dollar Will Remain on First
CHAPTER 2: The World’s Hegemonic Reserve Currency: The U.S. Dollar Versus the Chinese Yuan
CHAPTER 3: The Euro: Past, Present, and Future
CHAPTER 4: What History Tells Us About the Euro’s Future
CHAPTER 5: The Future of the Eurozone: An amicable divorce is Better than an Unhappy Marriage
CHAPTER 6: Rebalancing Growth in China: The Role of the Yuan in the Policy Package
CHAPTER 7: Currency Wars and a Growing Role for the International Monetary Fund
CHAPTER 8: A Role for Gold
CHAPTER 9: China
References
Notes
Index