One World Currency presents a serious study about the need for a single stable currency with timely, historical references and skillful economic analysis by noted economist José Rafael Abinader. This book describes how a global and universally accepted currency will lead to economic stability throughout the world as well as the means for the design, implementation, and administration for such a currency.
In order to support his proposal, Abinader examines
- the competition between the so-called main world currencies,
- the U.S. dollar and the Euro,
- how competition leads to instability in developed and developing nations.