Financial marriage of convenience between China and the US: Sustainability of dollar - wall street regime in the post-2008 crisis

Abstract

Despite growing global concerns regarding the reliability of the American economy in general and the Dollar as a Negotiated Currency in particular US-shaped regime of international finance will survive the present difficulties. This is mainly due to the fact that China would be predisposed to maintain its backing of the US Dollar not to harm it because it staked a massive economic and political capital in that. Beijing has so far persisted in assisting the global value of the US Dollar (sacrificing considerable sums of economic return) which is an apt move to beef up the American domestic market with the intention of keeping Chinese factories busy at all times. © 2013 by IGI Global. All rights reserved.