国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Culture

Ex-IMF official argues why crisis left dollar strong

By Yang Yang ( China Daily ) Updated: 2015-09-02 09:49:45

Ex-IMF official argues why crisis left dollar strong

Eswar S. Prasad, former director of IMF's China division, was in Beijing for the launch of the Chinese edition of his book The Dollar Trap.[Photo provided to China Daily]

Since the outbreak of the global financial crisis in 2008, one question that has been frequently asked: "Is the dominant position of the dollar being threatened?"

In 2008 and 2009, the financial system in the United States nearly broke down. With no effective policies, plus the new competitor RMB on its road to internationalization, it has been predicted that the dollar as the major reserve currency might be replaced.

But, in The Dollar Trap, whose Chinese edition was published in August, author Eswar S. Prasad argues, to the contrary, he says, the global financial crisis, the disordered international money system and the US government's policies have, in fact, consolidated the position of the dollar.

Prasad, 50, former director of IMF's China division, has been studying global currencies for decades. He is now a Tolani senior professor of trade policy and economics at Cornell University.

"This is not a book I planned to write," he says at the book launch ceremony during the 22nd Beijing International Book Fair.

"When I started writing, I was planning to talk about how the global financial crisis started in the US, and whether it meant that the dollar was going to lose its primacy in global finance very quickly," he says.

But in doing research, he was surprised to see numbers indicating that after the global financial crisis, the dollar's position became even stronger.

"Why did this happen?" he asks.

"It's not because the US economy is wonderful and strong, but simply because it's stronger than the rest of the world," he says.

Previous Page 1 2 Next Page

 
Editor's Picks
Hot words
Most Popular
 
...
潜江市| 胶南市| 乌什县| 广西| 石屏县| 云阳县| 建阳市| 三门县| 沧源| 米易县| 岳阳市| 长乐市| 陈巴尔虎旗| 庆云县| 盘锦市| 古浪县| 蓝山县| 多伦县| 威宁| 海南省| 土默特左旗| 江达县| 汝阳县| 宜君县| 浦城县| 工布江达县| 枣庄市| 和田县| 宁海县| 丽江市| 金平| 济源市| 石屏县| 齐齐哈尔市| 贡觉县| 凉山| 汪清县| 鹰潭市| 浦北县| 桐梓县| 墨玉县|