Tug of war: today's global currency crisis
Description
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: Why You Should Care About the 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. Significantly updated for this paperback edition, Tug of War, as compelling as any novel, is certain to be one of the most important financial books of this or any other year. Readers will not want to be left out when Erdman predicts the winner in this economic battle.
More Details
ISBN:
9780312158996
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Grouping Information
Grouped Work ID | 41903c77-1c46-bd77-0beb-5205e95c9f6c |
---|---|
Grouping Title | tug of war todays global currency crisis |
Grouping Author | paul erdman |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2024-12-21 00:20:53AM |
Last Indexed | 2024-12-26 04:44:33AM |
Solr Fields
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0
accelerated_reader_reading_level
0
author
Erdman, Paul, 1932-2007
author_display
Erdman, Paul
available_at_lcocollege
LCO College Library
detailed_location_lcocollege
Lac Courte Oreilles Adult Nonfiction
display_description
format_category_lcocollege
Books
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Book
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41903c77-1c46-bd77-0beb-5205e95c9f6c
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9780312158996
itype_lcocollege
BOOK - HARDCOVER
last_indexed
2024-12-26T10:44:33.666Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
local_callnumber_lcocollege
332.4 ERD
owning_library_lcocollege
LCO College Library
owning_location_lcocollege
LCO College Library
primary_isbn
9780312158996
publishDate
1996
publisher
St. Martin's Press
recordtype
grouped_work
subject_facet
Currency question
Foreign exchange
Foreign exchange
title_display
Tug of war : today's global currency crisis
title_full
Tug of war : today's global currency crisis / by Paul Erdman
title_short
Tug of war
title_sub
today's global currency crisis
topic_facet
Currency question
Foreign exchange
Foreign exchange
Solr Details Tables
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record_details
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---|---|---|---|---|---|---|---|---|
ils:.b1012455x | Book | Books | English | St. Martin's Press | 1996 | viii, 173 pages : illustrations ; 22 cm. |
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