Currencies After the Crash:  The Uncertain Future of the Global Paper-Based Currency System
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 create wealth. 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 presentsCurrencies 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 essays from 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. This complete 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 reserve currency 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&#8217;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 the international monetary system?Start adapting your investing strategies today based on tomorrow's fiscal changes withCurrencies After the Crash.