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Currency Wars And The Erosion Of Dollar Hegemony, Lan Cao
Currency Wars And The Erosion Of Dollar Hegemony, Lan Cao
Lan Cao
A currency war is being waged against the dollar-based international economic system established in Bretton Woods after World War II. Much attention has been paid to the use of force and threats to the peace in Iraq, Afghanistan and Syria. But there is little law scholarship that examines threats to the dollar and the dollar-based system. And yet, challenging a country’s currency means challenging it on multiple fundamental fronts. Stocks, bonds, commodities, derivatives and other investments are all priced in a nation’s currency. If the dollar is undermined, the American economy itself and the existing international economic system are also …