Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System

From the brightest minds in the field-a revealing look at how countries use their currencies to achieve prosperity . . . and the coming repercussionsBloomberg Television's Sara Eisen sheds light on the complex global financial system through this illuminating collection of essays. She hand selected the creme de la creme of authors from the world's most prestigious academic institutions and esteemed professional organizations to share for the first time in print their observations and deductions on the topics that matter most to you and your future wealth, including: THE RELATIONSHIP BETWEEN CURRENCIES AND FINANCIAL CRISES THE FLAWS WITHIN THE INTERNATIONAL EXCHANGE RATE SYSTEM AND THEIR CONSEQUENCES HOW EMERGING MARKETS FIT INTO THE CURRENT AND FUTURE EXCHANGE RATE FRAMEWORK THE IMPACT EXCHANGE RATES HAVE ON FREE TRADE AND ECONOMIC GROWTH WHAT DEFINES A 'SAFE HAVEN' CURRENCY AND ITS ROLE POTENTIAL SOLUTIONS TO THE CURRENT ECONOMIC PROBLEMS'Today's fiat currency system is based upon trust among market participants, politicians, and central bankers--and that trust is assembled around the reserve currency that enjoys an exorbitant privilege. The reserve status is in doubt in a post financial crisis era but alternatives are lacking. . . . This book is a great guide on how the global currency system is morphing into apotential new standard, but not without the necessary volatility.' Ben Emons, Senior Vice President, Portfolio Manager, PIMCO