US Dollar Domination Has To Go.
Date Submitted: 06/27/2001 12:28:34
Category: / Business & Economy / Economics
Length: 8 pages (2102 words)
Category: / Business & Economy / Economics
Length: 8 pages (2102 words)
US Dollar Domination Has To Go
There is an economics-textbook myth that foreign-exchange rates are determined by supply and demand based on market fundamentals. Economics tends to dismiss socio-political factors that shape market fundamentals that affect supply and demand. The current international finance architecture is based on the United States' dollar as the dominant reserve currency. According to the Bureau of Public Debt "it accounts for 68 percent of global currency reserves, up from 51 percent a …
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…consise.britannica.com/ebc/article?eu=393501
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Stanley, Morgan. Rate Of Growth, 1990-1999. Hartenell College Library, Salinas. September 2, 2003. http://MorganStanley.com
Wikipedia. Fiat Rate, Dollar Hegemony, Laissez. Fair. January 2001. Hartenell College Library, Salinas. August 30, 2003. http://wikipedia.org
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