Demise of the dollar

• Verfasst von: Wiggin, Addison [VerfasserIn]
• Titel: Demise of the dollar
• Titelzusatz: from the bailouts to the pandemic and beyond
• Institutionen: John Wiley & Sons, [Verlag]
• Verf.angabe: Addison Wiggin
• Ausgabe: Third edition.
• Verlagsort: Hoboken, New Jersey
• Verlag: Wiley
• E-Jahr: 2023
• Jahr: [2023]
• Umfang: 1 online resource
• Fussnoten: Includes index. - Includes bibliographical references and index. - Description based on print version record and CIP data provided by publisher; resource not viewed
• ISBN: 978-1-394-17544-4
• ISBN: 1-394-17544-2
• ISBN: 978-1-394-17545-1
• ISBN: 1-394-17545-0
• ISBN: 978-1-394-17465-2
• Datenträger: Online-Ressource
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Druck-Ausgabe
• Sach-SW: Business cycles
• Sach-SW: Investments
• Sach-SW: United States
• K10plus-PPN: 1859055788
• K10plus-PPN:
  Universitätsbibliothek
• Lokale URL UB: Zum Volltext
• Lokale URL UB: Bibliothek der Medizinischen Fakultät Mannheim der Universität Heidelberg
• Bibliothek/Idn: UW / m4373585911
• Lokale URL Inst.: Zum Volltext

Abstract

"A weaker dollar buys less in foreign goods. This increases the price of imports, contributing to inflation. As the dollar weakens, investors in the benchmark 10-year Treasury and other bonds sell their dollar-denominated holdings. Contracts for oil and other commodities are usually denominated in dollars. As a result, historically, there has been an inverse relationship between the value of the dollar and commodities prices. Essentially, as the value of the dollar falls, the dollar-denominated prices of these commodities must rise to reflect their unchanged intrinsic value"--