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Bucking the Buck
US Financial Sanctions and the International Backlash Against the Dollar
Book • 2023
In 'Bucking the Buck,' Daniel McDowell examines the relationship between US financial sanctions and the rise of 'anti-dollar' policies.
The book argues that the frequent use of financial sanctions by the United States may lead its adversaries to reduce their dependence on the US dollar, although the effectiveness of these anti-dollar policies varies.
McDowell uses a combination of case studies and statistical analysis to demonstrate how the overuse of sanctions can weaken their potency and encourage de-dollarization efforts by other countries.
The book does not conclude that sanctions will lead to the end of the dollar's global dominance but highlights the potential consequences of sanctions overuse on the dollar's status and the effectiveness of US foreign policy.
The book argues that the frequent use of financial sanctions by the United States may lead its adversaries to reduce their dependence on the US dollar, although the effectiveness of these anti-dollar policies varies.
McDowell uses a combination of case studies and statistical analysis to demonstrate how the overuse of sanctions can weaken their potency and encourage de-dollarization efforts by other countries.
The book does not conclude that sanctions will lead to the end of the dollar's global dominance but highlights the potential consequences of sanctions overuse on the dollar's status and the effectiveness of US foreign policy.
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Mentioned in 1 episodes
Mentioned by Scott as a great book on the potential decline of the US dollar as the world's reserve currency.
Rational Security: The “Out of the Twenty-Twenty-Fourno, Into the Fire” Edition
