us Bank of Washington

'Packed with insights and details that will both amaze and appal you' – Oliver Bullough, author of Moneyland and Butler to the World

This book explains how the US dollar serves as the primary reserve currency for the international financial system and assesses its prospects for the future. The book provides an analysis of the main factors that have given rise to the global currency power of the dollar and the key benefits that have accrued to both the United States and other countries from this arrangement. It then considers the growing costs that can be associated with the dollar-centered reserve system and the prospects for the medium-term in terms of its potential threats to global financial stability.

'Superior … A broad-ranging guide that explains the global power structure over the last eight decades' Carlos Marichal, El Colegio de México