Eswar S Prasad: 2 books
The Dollar Trap
How the U.S. Dollar Tightened Its Grip on Global Finance
Language: English
Release Date: August 25, 2015
The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as...
Gaining Currency
The Rise of the Renminbi
Language: English
Release Date: September 13, 2016
In Gaining Currency, leading China scholar Eswar S. Prasad describes how the renminbi (RMB) is taking the world by storm and explains its role in reshaping global finance. This book sets the recent rise of the RMB, China's currency since 1949, against a sweeping historical backdrop. China issued the...