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Description
Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary SystemRecent events in the US high unemployment, record federal deficits, and unprecedented financial distress have raised serious doubts about the future of the dollar. So profound has been the impact that some say the dollar may soon cease to be the world's standard currency. Is the situation that bad? In Exorbitant Privilege, one of our foremost experts on the international financial system argues that while the dollar is bound to lose its singular
Recent events in the US--high unemployment, record federal deficits, and unprecedented financial distress--have raised serious doubts about the future of the dollar. So profound has been the impact that some say the dollar may soon cease to be the world's standard currency. Is the situation that bad? In Exorbitant Privilege, one of our foremost experts on the international financial system argues that while the dollar is bound to lose its singular status to newcomers like the Euro and the Chinese Renminbi, the coming changes will be neither sudden nor dire. Barry Eichengreen puts today's crisis in historical context, revealing that only after World War II, with Europe and Japan in ruins, did the dollar become the world's monetary lingua franca--the reserve currency of the world's banks and the kind of cash accepted virtually everywhere. Now, with the rise of China, India, Brazil and other emerging economies, America no longer towers over the global economy like before. And the U.S. itself faces very serious economic and financial challenges as it contemplates its medium-term future. But despite this, Eichengreen concludes, predictions of the dollar's demise are greatly exaggerated. The paperback edition features a new afterword that takes the story up through 2012.Binding Type: Paperback
Publisher: Oxford University Press, USA
Published: 09/01/2012
ISBN: 9780199931095
Pages: 226
Weight: 0.70lbs
Size: 9.10h x 6.00w x 0.70d
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4.0 ★★★★★
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Product Reviews
★★★★★ 5
comfy blanket
love this blanket! it’s so comfy and cozy, and covers my whole body. i’ve washed it three times and it’s still soft and cozy!
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Reviewed in the United States on August 19, 2024
★★★★★ 5
Perfect for travel
Bought this to have for naps on a long road trip. It’s the perfect weight and so soft.
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Reviewed in the United States on July 5, 2024
★★★★★ 4
So soft
My favorite blanket to date! Super soft and nice and big
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Reviewed in the United States on August 11, 2024
★★★★★ 3
Decent blanket but thin
I love a good throw. This one is visually very appealing, easy to wash, and soft. While I’d love to rate it higher, honestly it just feels too thin to really provide any warmth. It feels more like a blanket for pets than for people. It’s pretty and my kitties will really enjoy it, but it just feels okay at best for me as a cold-running person.
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Reviewed in the United States on February 12, 2024
★★★★★ 5
Super soft
Nice throw. Keeps you warm and washes well.
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Reviewed in the United States on March 31, 2026