TITLE

Replacement, Dominance and Recession of Dollar

AUTHOR(S)
Akram, Muhammad; Mughal, Muhammad Muazzam; Amin, Fatima; Farooqui, Ayesha
PUB. DATE
July 2011
SOURCE
Far East Journal of Psychology & Business;Jul2011, Vol. 4 Issue 1, p17
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Dollar is considered as dominant reserve currency all over the world. Literature gives a view of the whole life of dollar from its dominance till recession. Despite of financial ups and downs, dollar maintains its status for many years, as a reserve currency and as prominent currency in the settlement of international trade transaction. But now hyperinflationary forces and low economic growth rate makes the dollar susceptible to depression. The study attempts to analyze the proposed status of dollar in the presence of its pronounced competitors.
ACCESSION #
66424366

 

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