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In recent years, the value of the U.S. dollar has fluctuated wildly. Japanese investors have lost billions in U.S. markets, causing an almost unprecedented run on the dollar. The leaders of the world currency markets were forced to band together to push up the value of the U.S. dollar. Tug of War: Today's Global Currency Crisis is the riveting story of this flow of money around the globe and what it means for us today.
In 1991, the Mexican government tied the value of the peso to the dollar. As the peso slid and almost vanished, the fortunes of the dollar waned. Investors around the world, especially the Japanese, lost confidence in the dollar, creating a soaring yen and dragging down the value of the dollar even more.
Subsequent events in the world currency markets pulled the dollar in even more directions: rogue traders lost billions on bad deals; the European Union began determining the value of its own currency; Japanese banks admitted enormous, previously concealed, losses. The tug of war continued.
- Paul Erdman, as well-known for his ability to predict financial markets as for his ability to write a suspenseful story, clearly explains the tangled basis and continuing strength of the currency crisis, gives his predictions about the future, and offers advice to market masters on the direction they should pursue.
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Previews available in: English
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1
Tug of War: Why You Should Care About the Global Currency Crisis
October 15, 1997, Palgrave Macmillan
Paperback
in English
- 1st St. Martin's Pbk. Ed edition
0312159005 9780312159009
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2
Tug of war: today's global currency crisis
1996, St. Martin's Press
in English
- 1st. ed.
0312158998 9780312158996
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Book Details
First Sentence
"MEXICO WAS AN UNLIKELY PLACE for the currency crisis to begin because in recent years the peso had been a remarkably stable currency."
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- Created April 30, 2008
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February 26, 2022 | Edited by ImportBot | import existing book |
April 5, 2014 | Edited by ImportBot | Added IA ID. |
April 28, 2011 | Edited by OCLC Bot | Added OCLC numbers. |
February 13, 2011 | Edited by Tom Morris | merge authors |
April 30, 2008 | Created by an anonymous user | Imported from amazon.com record |