ADF

, xvi, 206, 207, 223

America’s security card

, 100

American Exceptionalism

, 96, 97, 98, 236

Anatomy of banking bailout

, 82

Anchor Currency

, 13, 31

Atlantic Charter

, 45, 48

Baker-Miyazawa deal

, 100

Bank of England

, 44, 58

Beggar thy neighbor

, 44

Behavioral crisis

, 87

Bifurcated

, 21

Bretton Woods Agreements

, xiv, 46

Bretton Woods Fixed Exchange System

, 4, 52, 53

Bretton Woods System

, 30, 39, 44, 46, 49, 50, 53, 93, 135, 168, 236

British pound

, 26, 29

The British Pound Standard

, 43

Capital account

, 3, 4, 11, 18, 21, 24, 116, 129, 134, 138, 197

Capitalistic

, xii, 123, 181

CDOs

, 71, 72

CDS

, 66, 71, 72, 75

CFA

, 31, 45, 175

Cointegration tests

, xvi, 207

Collateral rule

, 19

Concentration-fragility hypothesis

, 82

Concentration-stability hypothesis

, 82

Conservator

, 61

Conventional peg

, 32

Creative destruction

, 123, 184

Credit Rating Agencies

, 71, 72, 83

Currency Board

, 32

Currency war

, 7, 162

Current account

, xiii, 3, 4, 10, 17, 18, 19, 21, 22, 27, 49, 50, 51, 53, 54, 114, 116, 117, 126, 127, 129, 135, 136, 137, 138, 139, 147, 149, 150, 151, 154, 155, 156, 158, 159, 160, 161, 197, 198, 225

Debt burden

, 160

Demand-Side School

, 136, 137, 138

Demonization

, xii

Diabolic Vicious Loop

, 173

Dodd–Frank Wall Street Reform and Consumer Protection Act

, 85

Dollar-Derivatives Global Liquidity

, 61

The Dollar-Gold Exchange Standard

, 46

Dollarshare

, xv, 197, 199, 203, 205, 206, 207, 208, 210, 211, 212, 213, 216, 217, 218, 219, 223, 229, 230, 231, 232

Dollar-swap lines

, 4

Economic power

, 103

Eurodollar liquidity

, 57

Euroland

, 36, 37, 38, 81, 101, 115, 128, 132, 133, 134, 169, 170, 171, 172, 173, 174, 175, 176, 180, 193

Eurolized

, 133

Euromarket

, 59

European Union

, 31, 37, 96, 103, 107, 112, 113, 133, 134, 170, 171, 173, 189

Exchange Rate Arrangements

, 32

Exorbitant burden

, xiv, 7

Exorbitant privilege

, xiv, xv, 6, 7, 30, 100, 135, 142, 143, 147, 148, 149, 239

Exorbitant Reserve Currency Curse

, 151

Export-led growth strategy

, xiii, 19, 20, 22, 117, 153, 177, 179, 182, 183, 187, 224

Exports competitiveness

, 5, 120

Extdebt

, xvi, 202, 203, 205, 211, 212, 213, 216, 219, 220, 221, 224, 225

Externalities

, ix, xiii, 10, 15, 16, 25, 29, 33, 93, 114, 132, 190, 196

FDIC

, 68, 241

Federal Reserve Bank

, 76, 77, 233, 236, 237, 240, 244

Fiduciary Dollar Standard

, xi, 30, 41, 53, 54, 55, 135, 142, 146, 190, 191, 192, 193

Fiduciary Dollar System

, xi

Financial globalization

, xiii, 135, 136, 196

Financial intoxication

, 164

Finopen

, xv, 197, 199, 203, 205, 207, 208, 210, 211, 212, 213, 216, 217, 218, 219, 220, 229, 231, 232

Floating currency

, 31

Foreign reserves holdings

, 37

Forward Exchange Market

, 33

Free float

, 31, 37, 52

GAB

, 169

Geopolitical leadership

, 96

Geopower

, xv, 197, 200, 201, 202, 203, 205, 207, 208, 210, 211, 212, 213, 216, 217, 218, 219, 221, 225, 229, 231, 232

Glass-Steagall Act

, 58, 85, 86

Global cultural influence

, 111

Global Forex markets

, 33

Global liquidity

, 55, 239

Global public good

, xii, xv, 111, 152, 193, 225, 226

Gold standard

, 41, 42

Grand Recession

, x, 125

Granger Causality Wald Tests

, 215, 217, 218, 232

Great Depression

, x, 48, 55, 71, 79, 80, 89, 108, 155, 163, 164, 192

Great Moderation

, 123, 124, 125, 233, 235

GREAT POWERS HAVE GREAT CURRENCIES

, 94

Greek impasse

, 172

Hard Peg

, 32

Hegemonic

, x, 6, 10, 29, 94, 144, 172

Human Development Index

, 109

IMF

, xiv, 3, 5, 11, 17, 27, 31, 32, 33, 37, 38, 46, 47, 53, 54, 68, 79, 118, 120, 122, 132, 133, 140, 161, 166, 167, 168, 169, 190, 205, 238, 239, 241, 242

Impossible trinity

, 134

Inertia

, xiii, 25, 26, 29, 114, 165

Inflarate

, xv, 197, 202, 203, 205, 207, 208, 210, 211, 212, 213, 216, 217, 218, 219, 220, 229, 231, 232

Inflation

, 13, 14, 15, 20, 21, 23, 42, 43, 51, 52, 55, 122, 123, 125, 136, 146, 147, 148, 149, 152, 163, 181, 196, 202, 212, 220, 224, 225

Insulation

, 145

Interbank market

, 33

Internationalization

, 10, 238, 239

Investment identity

, 158

Jarque-Bera Test

, xvi, 213, 223

Johansen Maximum Likelihood

, xvi, 208, 223

Johansen Tests for Cointegration

, 231

Lag

, 26, 165, 166, 208, 212

Lagrange Multiplier Test

, xvi, 223

Lender-of-the-last resort

, 4, 191

Libor

, 67, 68, 70, 241

Lifeblood

, 2, 39, 72

Linear Hypothesis Test

, xvi, 223

Marriage of convenience

, 139, 140

Medium of Exchange

, 15, 226

Mercantilist Rule

, 17

Military Power

, 99

Money multiplier

, 88, 91

Monolites

, 71

Moral hazard

, 80, 88, 89, 131

Multipolar Reserve Currency System

, ix, 188

Multipolarity

, ix, 244

Mundell-Flemming Trilemma

, 127

NAB

, 169

NATO

, 99, 171

Netting

, 64, 65

Nixon Shock

, 51, 100, 239

Normality

, xvi, 7, 213

Official Dollar-Global Liquidity

, 79

Official reserves

, 17, 18, 49

Opacity

, 56, 60, 64, 78

Optimal Currency Area

, 32, 101

Over-the-Counter

, 62

Paradox of the US dollar

, 121

Paradox

, ix, 7, 28, 49, 102, 121, 122, 125, 134, 144

Pax Americana

, 98

Pegged

, 4, 5, 21, 23, 31, 39, 41, 46, 47, 54, 126, 128, 163, 175, 181, 191

Political Burden

, 152

Political Power

, 110

Postestimation diagnoses

, xvi

Private Dollar Global Liquidity

, 56

Privilege Taker

, xii, xiv, 239

Rebalancing Act

, 139

Renminbi

, xiii, 21, 22, 26, 27, 29, 115, 117, 130, 140, 141, 142, 153, 165, 167, 176, 177, 181, 182, 185, 186, 188, 190, 237, 239

Repo Markets

, 75

Reserve Currency Status

, 10, 23, 27, 31, 72, 153, 219, 223

Reserves Currency Accumulation Motives

, 16

Ricardian Equivalence

, 156, 159

Run on repo

, 78

Saving glut

, 22

Securities Dealers

, 76

Securitization

, 62, 71, 76

Seigniorage

, 145, 146, 147, 148

Self-Insurance

, 18

Serial bubbles

, 123

Shadow Banking

, 71, 73

Significance

, xvi, 7, 177, 204, 212, 213

Smart power

, 95, 190

Soft power

, 95, 144

Spot Exchange Market

, 33

Stationarity

, 196, 206

Stationarity

, xvi, 204, 206, 223

Sterilization

, 20, 21, 129, 130, 131, 146, 162

Sterling

, x, 24, 38, 42, 45, 57, 58, 235, 240

Store of Value

, 12, 226

Subprime

, 75, 78, 120

Supply-Side School

, 135, 136

System Maker

, xii, xiv, 239

Too big to fail

, 82, 84, 85, 87

Tradeopen

, xv, 197, 202, 203, 205, 207, 208, 210, 211, 212, 213, 216, 217, 218, 219, 229, 231, 232

Treasrate

, xv, 197, 199, 203, 205, 207, 208, 210, 211, 212, 213, 216, 217, 218, 219, 220, 224, 229, 231, 232

Treasury Bond Market

, 24

Triffin

, 3, 27, 49, 125, 127, 238, 243

Trilemma Hypotheses

, 127

Tri-Party Repo Market

, 76

Twin Deficit Identity

, 154, 157

Twin Divergence Hypothesis

, 156

Twin-Deficits Identity

, 159

Twin-deficits

, x, xv, 114, 121, 152, 155, 156, 162, 165, 197, 209

Two-speed economy

, 21, 89

Unimultipolar system

, 96

Unit of Account

, 15

US dollar supremacy

, 114, 161

VECM Regression

, 210

Vector Error Correction Model

, xvi, 209, 223

Viable Alternatives

, 165

Wall Street

, xii, 24, 55, 66, 68, 70, 71, 78, 82, 84, 85, 87, 88, 151, 234, 236, 237, 244

World power pyramid

, 96

World Venture Capitalist

, xiii, 237

Yen

, xiii, 11, 29, 34, 38, 41, 57, 100, 119, 120, 138, 165, 188, 226

Yuans

, 1