The Dollar Trap

Eswar S Prasad

Portfolio, 432 pages, Rs. 699

The leading economist and Cornell University professor Eswar Prasad examines how the dollar achieved its central role in the world economy. Marshalling a range of arguments and data, and drawing on the latest research, the book offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.