The rise of US dollar imperialism, and why it failed - with Radhika Desai & Michael Hudson
Geopolitical Economy Report
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The Limitations of Stable Currency, Independent Monetary Policy, and Free Capital Flows
This chapter discusses the challenges of maintaining a stable currency, independent monetary policy, and free capital flows simultaneously. It explores the importance of capital controls and the concept of creditor adjustment in settling trade imbalances and capital deficits.
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