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Taschenbuch. Zustand: Neu. Neuware - The United States enjoys a significant benefit from the dollar's status as the predominant international currency. These financial benefits translate into increased state power through autonomy and the ability to shape the rules of the international system. In exchange, the rest of the world benefits from having a relatively safe and liquid investment for its capital and reduced transaction costs for international trade. Because of the benefits to state power, ensuring that the dollar remains the leading international currency is a national security issue for the United States. Based on economic theory and an analysis of the last transition of leading international currencies between the sterling and the dollar, there are emerging vulnerabilities that threaten the dollar's status. Many are long-term issues that do not present an immediate threat to national security; however, increasing reliance on foreign sources to finance United States debt has created a potentially dangerous situation. Analysis of some of the major holders of United States Treasury Securities shows that the nations that are financing United States deficit spending face significant economic issues of their own. A crisis in those nations could result in a run on the dollar, which could temporarily paralyze the United States Government, and poses long term implications to national security as the nation loses its relatively inexpensive source of foreign finance.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.…

Buch. Zustand: Neu. Neuware.

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