Dollar Dominance

Fundamentals, Nature, and Present Structure

This book critically analyzes the US dollar’s dominance as an international currency through an analysis of US dollar gross balance sheets in the shadow banking system at global, systematically important banks.

This book critically analyzes the US dollar’s dominance as an international currency through an analysis of US dollar gross balance sheets in the shadow banking system at global, systematically important banks.

It begins by drawing upon Minsky and Kindleberger’s financial fragility hypothesis, explaining how analysis of dynamics in balance sheet expansion helps to reveal the fundamentals of the dollar standard system. It then examines the dollar standard system in the 2000s and during the Global Financial Crisis (GFC) of 2007-09, showing how endogenous finance of the dollar drove said banks to overstretch their balance sheets. An analysis of the dollar standard system post-crisis suggests that US Treasury securities as universal collateral assets have acted as a bedrock for the present dollar standard system.

Dollar Dominance will interest scholars and graduate students of international finance, monetary systems, money, and banking. It is also a useful resource for central bankers, financial regulators, and other finance industry professionals.

UK Delivery:

• Free delivery on all orders of £10 or more.
• £1.49 delivery fee on orders below £10.
• UK orders are shipped via Royal Mail 2nd Class.

International Delivery:

• Flat rate delivery charges vary by country.

Dispatch and Delivery Times:

• All orders are shipped from our warehouse in Northampton, UK within 48 hours of receipt during working hours.
• UK mainland orders typically arrive within 3-5 working days via Royal Mail 2nd Class.
• International estimated delivery times:
• Europe & Channel Islands: 7 to 10 working days
• USA: 7 to 15 working days
• Rest of the World: 9 to 21 working days

View our full delivery infomation here.