Currency wars : the making of the next global crisis

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Currency wars : the making of the next global crisis

Rickards, James (Pengarang)

Krisis Moneter -- Penurunan Nilai Mata Uang Dunia

Detil Buku

Edisi -

Penerbit New York : Portfolio Penguin, 2011; © James Rickards, 2011

Deskripsi Fisik xi, 271 halaman : ilustrasi ; 23 cm.

ISBN 9781591844495

Subjek Krisis Moneter -- Penurunan Nilai Mata Uang Dunia

Bahasa Inggris

Call Number R/330.9 RIC c ; 330.9 RIC c

Deskripsi

indeks: halaman, 281 ; In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.