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Exorbitant Privilege: The Rise and Fall of the Dollar
Barry Eichengreen
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Description for Exorbitant Privilege: The Rise and Fall of the Dollar
Paperback. The story of how the dollar rose to global dominance in the twentieth century - and an assessment of what the future holds for the world's most important currency. Num Pages: 224 pages, Illustrations. BIC Classification: 1KBB; 3JJP; 3JM; KCP; KCZ; KFF. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 216 x 133 x 18. Weight in Grams: 298.
For more than half a century, the dollar has been not just America's currency but the world's. It is used globally by importers, exporters, investors, governments and central banks alike. This singular role of the dollar is a source of strength for the United States. It is, as a critic of U.S. policies once put it, America's "exorbitant privilege." But now, with U.S. budget deficits extending as far as the eye can see, holding dollars is viewed as a losing proposition. Some say that the dollar may soon cease to be the world's standard currency, which would depress U.S. living ... Read more
For more than half a century, the dollar has been not just America's currency but the world's. It is used globally by importers, exporters, investors, governments and central banks alike. This singular role of the dollar is a source of strength for the United States. It is, as a critic of U.S. policies once put it, America's "exorbitant privilege." But now, with U.S. budget deficits extending as far as the eye can see, holding dollars is viewed as a losing proposition. Some say that the dollar may soon cease to be the world's standard currency, which would depress U.S. living ... Read more
Product Details
Publisher
Oxford University Press United Kingdom
Number of pages
224
Format
Paperback
Publication date
2012
Condition
New
Number of Pages
224
Place of Publication
Oxford, United Kingdom
ISBN
9780199642472
SKU
V9780199642472
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-25
About Barry Eichengreen
Barry Eichengreen is Professor of Political Science and Economics at the University of California, Berkeley. His previous books include The European Economy Since 1945, Global Imbalances and the Lessons of Bretton Woods, Capital Flows and Crises, and Financial Crises and What to Do About Them. He has written for the Financial Times, Wall Street Journal, Foreign Affairs, and other publications. ... Read more
Reviews for Exorbitant Privilege: The Rise and Fall of the Dollar
A tour de force, by the outstanding contemporary scholar of the 20th century history of the international monetary system.
John Williamson, Senior Fellow, Institute for International Economics
The great strength of Eichengreen's historical analysis is his enormously wide knowledge of, and sympathy for, economic and political conditions in all the major countries concerned. The work of a master ... Read more
John Williamson, Senior Fellow, Institute for International Economics
The great strength of Eichengreen's historical analysis is his enormously wide knowledge of, and sympathy for, economic and political conditions in all the major countries concerned. The work of a master ... Read more