Economia

Fim da regime do dólar?

Goodbye U.S. Dollar, Hello Chinese Yuan?

Boom and Bust Banking:
The Causes and Cures of the Great Recession
Edited by David Beckworth
The latest issue of The Economist reports that Ben Bernanke, Chairman of the Federal Reserve System, encouraged top international financial leaders to decouple their currencies from the dollar and stop shadowing America’s currency, which forces their economies to ease monetary policy whenever Bernanke does. These eases have led to rapid inflation and asset prices in many international emerging markets.

In the wake of the worst recession in fifty years, Boom & Bust Banking: The Causes and Cures of the Great Recession exposes the critical role the Federal Reserve played in creating a vast speculative bubble and plunging the world economy into a Great Recession.

The Economist further reports that on the same day Bernanke delivered his ill-fated council, “a deputy governor of China’s central bank pointed out that China no longer hoovers up dollar reserves with its past abandon.” Instead, currencies that used to shadow the greenback are steadily beginning to play follow-the-leader with a different currency: the Chinese yuan.

Addressing the lack of critical studies of recent Federal Reserve policy, Boom and Bust Banking reveals the Federal Reserve’s hand in the international deterioration of the American dollar, which spurred a global recession and is giving rise to China’s greater influence over U.S financial interests at home and abroad.

Read the Book’s Full Summary »
Order Online or Call Toll Free 1-800-927-8733

- Mais Zeitgeist
Chega até a ser engraçado... Of DOW JONES NEWSWIRES SHANGHAI (Dow Jones)--A relatively weak U.S. dollar has been hurting Brazil's economy, and a potential Chinese yuan revaluation against the dollar could help stabilize global currencies, Brazilian...

- Política Monetária Durante A Grande Depressão E Hoje - Uma Comparação
Liber8 Brought to You by the Research Library of the Federal Reserve Bank of St. Louis ® Economic Information Newsletter The views expressed are those of the author and do not necessarily reflect the official positions of the Federal Reserve Bank...

- Hegemonia Do Dólar Americano Em Debate
For more than half a century, the U.S. dollar has been not just America's currency but the world's. It is used globally by importers, exporters, investors, governments and central banks alike. Nearly three-quarters of all $100 bills circulate...

- Os Brics E O Dólar
BRICs Will Not Mull New Reserve CurrenciesRUSSIA, CHINA, INDIA, BRAZIL, CURRENCIES, ECONOMY, GLOBALReuters | 14 Jun 2009 | 07:43 PM ET Leaders of Russia, China, India and Brazil do not intend to discuss new global reserve currencies at their first summit...

- Ultimatum Para O Dólar
China encontra suporte de Brasil e Rússia para desafiar a posição do dólar como moeda de reserva internacional: "...There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central...

Economia