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When Confidence Breaks: How a Dollar Crash Unfolds-and What Survives

When Confidence Breaks: How a Dollar Crash Unfolds-and What Survives

Paperback

Series: Dollar as a Reserve Currency

Investing & FinanceGeneral Political Science

Currently unavailable to order

ISBN13: 9798242904545
Publisher: Independently Published
Published: Jan 15 2026
Pages: 470
Weight: 1.24
Height: 1.17 Width: 6.00 Depth: 9.00
Language: English
When Confidence Breaks completes a trilogy on the U.S. dollar's international reserve role-and asks the question most investors and policymakers avoid until it's too late: if the dollar's credibility is tested in real time, what does the unwind actually look like?

This is not a doomsday book about the dollar going to zero. It's a clear-eyed map of how a reserve-currency confidence event unfolds in the modern financial system-through Treasury auctions, global dollar funding markets, cross-border hedging costs, and the quiet mechanics that turn stress into contagion. Step by step, you'll see how small shifts at the margin can cascade into tighter liquidity, higher borrowing costs, imported inflation, and hard policy tradeoffs.

Also from

Fields, Randall H.

Also in

Investing & Finance