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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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Product Reviews
★★★★★ 5
Go-to toddler snack!
My one year old granddaughter is obsessed with these! She likes all of these the flavors and it’s her go to “nac”. They are a bit expensive but that’s what grandma’s are for.
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Reviewed in the United States on April 30, 2026
★★★★★ 5
Toddler loves these!
My toddler can’t get enough of these “cookies”. We love the clean ingredients and always arrive with good quality.
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Reviewed in the United States on May 8, 2026
★★★★★ 5
Healty, tasty and good on the go
Great tasting and made with amazing ingredients. Easy to take on the go. My kids love these
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Reviewed in the United States on April 20, 2026
★★★★★ 5
Grammy approved!
Yummy, healthy and excellently priced. Arrived very quickly. We used them to stuff Easter eggs for 1 and 3 year olds and the individual cookie packaging allowed for this.
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Reviewed in the United States on April 14, 2026
★★★★★ 5
Great snack
My kid loves these. Nice to have individually wrapped snacks for on the go.
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Reviewed in the United States on May 31, 2026