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Item Tag: 9780199642472

Barry Eichengreen Exorbitant Privilege (Paperback)

Incisive, challenging and iconoclastic, Exorbitant Privilege, is a fascinating analysis of the changes that lie ahead. Author: Barry Eichengreen. Title: Exorbitant Privilege. Format: Paperback. Item Weight: 298g.

Exorbitant Privilege by Barry Eichengreen (Paperback Book)

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 standards and weaken the country’s international influence. In Exorbitant Privilege, one of our foremost economists, Barry Eichengreen, traces the rise of the dollar to international prominence. He shows how the.