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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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4.1 ★★★★★
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Product Reviews
★★★★★ 5
Perfect paper towel holder
Color: Black
Easy to put together, very nice looking.
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Reviewed in the United States on May 12, 2026
★★★★★ 4
Budget friendly and useful!
Color: Black, Color: Black
Light weight affordable and still nice. Could be a little bit heavier at the base, I really like it so far. Seems pretty sturdy, definitely will need to check in to see the longevity of the product. Overall good budget buy.
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Reviewed in the United States on April 2, 2026
★★★★★ 5
Use for canning rings
Color: Black
I bought this to hold my canning rings and it worked great. The smaller arm holds my wide mouth rings and the larger one holds the regular ones. When I’m canning, I’m able to move the whole thing into the kitchen due to its light weight and use what I need. Once I’m done with the rings, back they go.
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Reviewed in the United States on May 11, 2026
★★★★★ 5
Great Price and Looks Good
Color: Black
The paper towel holder was a good price, and is easy to use. Needed minimal assembly, and fits well on my kitchen counter top near the stove.
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Reviewed in the United States on April 19, 2026
★★★★★ 5
Simple design
Color: Black
Very easy to assemble. Stable. Looks as pictured.
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Reviewed in the United States on May 21, 2026