The Credit Crisis: Is the International Role of the Dollar at Stake?

Authors

  • Ramaa Vasudevan

DOI:

https://doi.org/10.14452/MR-060-11-2009-04_2

Keywords:

Global Economic Crisis

Abstract

As the first tremors of the looming financial crisis ripped through Wall Street, with the meltdown of the subprime mortgage market in the summer of 2007, the dollar plunged sharply. Perversely however, even as some financial pundits were foretelling its collapse, the deepening of the crisis following the bankruptcy of Lehman Brothers in September 2008 actually saw the dollar gain ground sharply (for the first time since the steady decline that began in 2002.

Published

2009-04-02

Issue

Section

Articles