International economics has witnessed currency wars which have led to serious crisis situations globally.
Currency Wars: The Making Of The Next Global Crisis takes the readers back to the late 1960s and early 1970s crisis, when the then President of US, Nixon, imposed price controls to end the currency war. Currency crisis has negative impacts like disturbance in the economic cycle, loss of faith in the prevalent economic system, abnormal inflationary and recessionary trends, and economic collapse. It needs to be controlled in order to avoid disastrous consequences.
The ghosts of past currency wars are still haunting the world, and there is another war on its way, the impact of which could be much more deadly. In Currency Wars: The Making Of The Next Global Crisis, the author throws light on the fact that if lessons from past actions are not adopted and implemented, the US could face its worst crisis ever.
The author highlights the psychology behind the working of public policies, and emphasised the importance of a balanced and constructive course of action. The reprint edition of this book was published by Penguin USA in 2012, and is available in paperback format.
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