The Dollar Crisis Causes, Consequences, Cures

by Duncan, Richard

• ISBN13: 9780470821701
• ISBN10: 0470821701
• Edition: 1st
• Format: Paperback
• Copyright: 2005-06-22
• Publisher: WILEY

Summary

The Dollar Standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the 21st Century.

Author Biography

Richard Duncan has worked as a financial analyst for more than 16 years. During his career, he has worked in many leading companies such as Salomon Brothers, HSBC Securities, International Monetary Fund and The World Bank.

Table of Contents

PREFACE TO THE REVISED EDITION	vii
INTRODUCTION	ix
PART ONE THE ORIGIN OF ECONOMIC BUBBLES
Introduction	3	(2)
Chapter 1 The Imbalance of Payments	5	(20)
Chapter 2 Effervescent Economies	25	(18)
Chapter 3 The New Paradigm Bubble	43	(11)
Chapter 4 The Great American Bubble (of the 1920's)	54	(9)
PART TWO FLAWS IN THE DOLLAR STANDARD
Introduction	63	(3)
Chapter 5 The New Paradigm Recession	66	(24)
Chapter 6 The Fate of the Dollar: Half a Trillion Reasons Why the Dollar Must Collapse	90	(30)
Chapter 7 Asset Bubbles and Banking Crises	120	(22)
Chapter 8 Deflation	142	(31)
PART THREE GLOBAL RECESSION AND THE DEATH OF MONETARISM
Introduction	173	(2)
Chapter 9 Global Recession: Why, When, and How Hard?	175	(22)
Chapter 10 The End of the Era of Export-led Growth	197	(18)
Chapter 11 Monetarism is Drowning	215	(16)
PART FOUR POLICY TOOLS FOR THE 21ST CENTURY
Introduction	231	(2)
Chapter 12 A Global Minimum Wage	233	(18)
Chapter 13 Controlling the Global Money Supply	251	(12)
PART FIVE THE EVOLUTION OF A CRISIS
Introduction	263	(2)
Chapter 14 Deflation: The Fed's Greatest Fear	265	(9)
Chapter 15 The Run on the Dollar, 2003	274	(8)
Chapter 16 The Great Reflation	282	(8)
Chapter 17 Understanding Interest Rates in the Age of Paper Money	290	(6)
Chapter 18 What's Worrying the Chairman?	296	(7)
Chapter 19 After Reflation, Deflation	303	(7)
Chapter 20 Bernankeism	310	(5)
CONCLUSION	315	(2)
INDEX	317