US Currency War Machine

Brendan Brown

Chapter 5 in The Global Curse of the Federal Reserve, 2013, pp 109-138 from Palgrave Macmillan

Abstract: Abstract If the second monetarist revolution were to occur in the USA, then the world would find itself at the dawn of a new age of dollar hegemony. No longer would international investors have to fear that their dollar assets could suddenly erode in value due to the Federal Reserve taking big gambles with monetary stability so as pursue a shorter-term objective such as to accelerate the pace of economic expansion (and hopefully employment growth). These monetary gambles have often occurred as an essential component of a currency war strategy forged in a decentralized fashion within the US government (including the Federal Reserve as a semi-independent agency). With such war danger no longer present, much of the currency diversification of recent decades, as investors globally have sought safety by introducing monies other than the US dollar into their portfolios, would go into reverse.

Keywords: Monetary Policy; Federal Reserve; Current Account Deficit; Trade Surplus; Bretton Wood System (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-29740-2_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137297402

DOI: 10.1057/9781137297402_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().