The Paradigm to Avert the Road to Global Financial Armageddon

The international monetary system has been extremely unstable since the collapse of the Bretton Woods System. It has unleashed numerous financial crises, disrupted international trade and debilitated economic growth of nations. The book takes the reader through the history of currencies in cross-border transactions and the various attempts to operate a stable international monetary regime. It outlines major fault lines in the prevailing system which if not remedied could trigger a global financial catastrophe at any time. Besides calling for its urgent reform. it provides a pathway for resolving the exchange rate dilemma without the use of guestimates, currency politics or market rallies.

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ISBN 978-967-10508-1-1
Printed in Malaysia Perniagaan Krisan Kuala Lumpur