Exorbitant Privilege by Barry Eichengreen (Paperback Book)
Specifications
| Author | Barry Eichengreen |
| Format | Paperback |
| Publisher | Oxford University Press |
| Publication Year | 2012 |
| Language | eng |
| Country Of Origin | United Kingdom |
| Item Height | 1.8 cm |
| Item Length | 21.6 cm |
| Item Weight | 286 g |
| Item Width | 13.3 cm |
| Type | Not Available |
| Publication Name | Not Available |
| ISBN | 9780199642472 |
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.
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