WP 2009-8 What is Driving Global Deflation and How Best to Fight It?
The massive US stimulus that has just been enacted is liable to raise questions sooner or later about the viability of the dollar in financial markets. It is true that no currency today – or, in the foreseeable future - seems capable of providing a safer alternative to the dollar, but that should not be a cause for complacency. A panicky rush into gold out of the dollar is always possible, and that can turn the current slump into a great depression worse than the last.
|Date of creation:||Mar 2009|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.economicpolicyresearch.orgEmail:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:epa:cepawp:2009-8. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bridget Fisher)
If references are entirely missing, you can add them using this form.