Bucking the Buck: Us Financial Sanctions and the International Backlash Against the Dollar McDowell Daniel
Bucking the Buck: Us Financial Sanctions and the International Backlash Against the Dollar McDowell Daniel The US dollar is the world's indispensable currency. Over the last twenty years, Washington…
Specifikacia Bucking the Buck: Us Financial Sanctions and the International Backlash Against the Dollar McDowell Daniel
Bucking the Buck: Us Financial Sanctions and the International Backlash Against the Dollar McDowell Daniel
The US dollar is the world's indispensable currency. Over the last twenty years, Washington has relied on financial sanctions with greater and greater frequency. The dollar's preeminent status gives the United States enormous coercive powers which it flexes in the form of financial sanctions to punish its adversaries.
Through a combination of case studies and statistical analysis, the book establishes a relationship between US financial sanctions and the rise of "anti-dollar" policies, which are designed to reduce an economy's reliance on the US currency. Bucking the Buck argues that the more the United States wields the dollar as a weapon of foreign policy, the more its adversaries will move their international economic activities into other currencies to avoid Washington's coercive reach. Though some anti-dollar policies fail to achieve this goal, McDowell's analysis