2011Academic ResearchRequires access

How the U.S.Dollar Brings “Trouble” to The World Economy

Ping Liu

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Abstract

In the currency history of the United States,since the dollar was born,especially taking on international reserve currency,it has been always bringing trouble to the world economy:Before the Bretton Woods system,the United States with a greater share of the world gold amount didn't abide by the gold standard system rules strictly;instead,it utilized the dollar to exert adverse influence on international trading system and the world monetary system.The dollar under the arrangement of the Bretton Woods system did not really assume the obligation of international value standard,but often imputed debt crisis onto the traders.After the Bretton Woods system,the dollar is completely out of gold constraints,which results in the dollar's spreading on the world scope willfully,and cause worldwide inflation and the unstability of international trading system and the world monetary system.

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In the currency history of the United States,since the dollar was born,especially taking on international reserve currency,it has been always bringing trouble to the world economy:Before the Bretton Woods system,the United States with a greater share of the world gold amount didn't abide by the gold standard system rules strictly;instead,it utilized the dollar to exert adverse influence on international trading system and the world monetary system.The dollar under the arrangement of the Bretton Woods system did not really assume the obligation of international value standard,but often imputed debt crisis onto the traders.After the Bretton Woods system,the dollar is completely out of gold constraints,which results in the dollar's spreading on the world scope willfully,and cause worldwide inflation and the unstability of international trading system and the world monetary system.

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Available abstract

In the currency history of the United States,since the dollar was born,especially taking on international reserve currency,it has been always bringing trouble to the world economy:Before the Bretton Woods system,the United States with a greater share of the world gold amount didn't abide by the gold standard system rules strictly;instead,it utilized the dollar to exert adverse influence on international trading system and the world monetary system.The dollar under the arrangement of the Bretton Woods system did not really assume the obligation of international value standard,but often imputed debt crisis onto the traders.After the Bretton Woods system,the dollar is completely out of gold constraints,which results in the dollar's spreading on the world scope willfully,and cause worldwide inflation and the unstability of international trading system and the world monetary system.

Key concepts: Liberian dollar, Currency, Economics, Reserve currency, World economy, U.S. Dollar Index, Special drawing rights, Monetary system

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