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Author: Eswar S. Prasad Publisher: Princeton University Press ISBN: 0691168520 Category : Business & Economics Languages : en Pages : 438
Book Description
Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
Author: Eswar S. Prasad Publisher: Princeton University Press ISBN: 0691168520 Category : Business & Economics Languages : en Pages : 438
Book Description
Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
Author: Mr.Tobias Adrian Publisher: International Monetary Fund ISBN: 1513547739 Category : Business & Economics Languages : en Pages : 46
Book Description
The USD asset share of non-U.S. banks captures the demand for dollars by these investors. An instrumental variable strategy identifies a causal link from the USD asset share to the USD exchange rate. Cross-sectional asset pricing tests show that the USD asset share is a highly significant pricing factor for carry trade strategies. The USD asset share forecasts the dollar with economically large magnitude, high statistical significance, and large explanatory power, both in sample and out of sample, pointing towards time varying risk premia. It takes 2-5 years for exchange rate risk premia to normalize in response to demand shocks.
Author: Thessaly La Force Publisher: Little, Brown ISBN: 0316225002 Category : Literary Collections Languages : en Pages : 243
Book Description
The books that we choose to keep -- let alone read -- can say a lot about who we are and how we see ourselves. In My Ideal Bookshelf, dozens of leading cultural figures share the books that matter to them most; books that define their dreams and ambitions and in many cases helped them find their way in the world. Contributors include Malcolm Gladwell, Thomas Keller, Michael Chabon, Alice Waters, James Patterson, Maira Kalman, Judd Apatow, Chuck Klosterman, Miranda July, Alex Ross, Nancy Pearl, David Chang, Patti Smith, Jennifer Egan, and Dave Eggers, among many others. With colorful and endearingly hand-rendered images of book spines by Jane Mount, and first-person commentary from all the contributors, this is a perfect gift for avid readers, writers, and all who have known the influence of a great book.
Author: Richard Pearson Publisher: ISBN: Category : Languages : en Pages : 118
Book Description
UNVEILING THE HIDDEN MYSTERY OF AMERICA'S ROLE IN BIBLE PROPHECY The world is ever-changing. As we witness unrest, political upheaval, pandemics, and general uncertainty, we have to wonder, "What in the world is going on?" What seems like a continual roller coaster ride is disturbing, and people are looking for answers. You can stop looking because the answers can be found in the writings of the ancient prophets. In this new study guide, The Hour That Changes Everything, Richard Pearson will take us through the Bible, highlighting God's plan for America's current and future role in the End Times. Something is indeed happening, and Richard Pearson digs deeply into the Bible to help you understand biblical prophecy from a refreshingly new perspective. With each chapter, you do not only learn more about prophecy, but you'll also clearly discover hidden mysteries pointing to the United States' role in it. IT WILL COME IN ONE HOUR While the Bible has plenty to say about the End Times, The Hour That Changes Everything will uncover the greatest "time sequence " in human history. In that one hour, an incredible cataclysmic change will cover the world pivoting around The USA. But at the same time, even as the hour brings judgment, Richard Pearson details how the God who delivered Shadrach, Meshach, and Abednego from Babylon's fiery furnace, will once again manifest His presence, in our generation, and miraculously open a door for our escape. Richard Pearson founded Richard Pearson Ministries while serving for twenty-one years on the executive board of Oral Roberts University. Retired now as CEO of several Canadian transportation companies, He and his wife, Karen, reside in Canada.
Author: Juan Ramirez Publisher: John Wiley & Sons ISBN: 1118817974 Category : Business & Economics Languages : en Pages : 803
Book Description
The derivative practitioner’s expert guide to IFRS 9 application Accounting for Derivatives explains the likely accounting implications of a proposed transaction on derivatives strategy, in alignment with the IFRS 9 standards. Written by a Big Four advisor, this book shares the author’s insights from working with companies to minimise the earnings volatility impact of hedging with derivatives. This second edition includes new chapters on hedging inflation risk and stock options, with new cases on special hedging situations including hedging components of commodity risk. This new edition also covers the accounting treatment of special derivatives situations, such as raising financing through commodity-linked loans, derivatives on own shares and convertible bonds. Cases are used extensively throughout the book, simulating a specific hedging strategy from its inception to maturity following a common pattern. Coverage includes instruments such as forwards, swaps, cross-currency swaps, and combinations of standard options, plus more complex derivatives like knock-in forwards, KIKO forwards, range accruals, and swaps in arrears. Under IFRS, derivatives that do not qualify for hedge accounting may significantly increase earnings volatility. Compliant application of hedge accounting requires expertise across both the standards and markets, with an appropriate balance between derivatives expertise and accounting knowledge. This book helps bridge the divide, providing comprehensive IFRS coverage from a practical perspective. Become familiar with the most common hedging instruments from an IFRS 9 perspective Examine FX risk and hedging of dividends, earnings, and net assets of foreign subsidies Learn new standards surrounding the hedge of commodities, equity, inflation, and foreign and domestic liabilities Challenge the qualification for hedge accounting as the ultimate objective IFRS 9 is set to replace IAS 39, and many practitioners will need to adjust their accounting policies and hedging strategies to conform to the new standard. Accounting for Derivatives is the only book to cover IFRS 9 specifically for the derivatives practitioner, with expert guidance and practical advice.
Author: Eswar S. Prasad
Author: Eswar S. Prasad
Author: 
Author: Mr.Tobias Adrian
Author: Thessaly La Force
Author: Richard Pearson
Author: Juan Ramirez
Author: Great Britain. Parliament. House of Commons
Author: Ohio. Tax Commission
Author: 
Author: