Description: Exorbitant Privilege by Barry Eichengreen Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description Since the Second World War, the US dollar has been the worlds sole international reserve currency, giving it, in the words of one critic, exorbitant privilege. But in the wake of the worldwide financial crisis, will other currencies overtake it? And what impact would that have? Eichengreen explains the history and assesses what may come. Publisher Description For more than half a century, the dollar has been not just Americas currency but the worlds. 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, Americas "exorbitant privilege." But now, with U.S. budget deficits extending as far as the eye can see, holding dollars isviewed as a losing proposition. Some say that the dollar may soon cease to be the worlds standard currency, which would depress U.S. living standards and weaken the countrys internationalinfluence. In Exorbitant Privilege, one of our foremost economists, Barry Eichengreen, traces the rise of the dollar to international prominence. He shows how the greenback dominated internationally in the second half of the 20th century for the same reasons that the United States dominated the global economy. But now, with the rise of China, India, Brazil and other emerging economies, America no longer towers over the global economy. It follows, Eichengreenargues, that the dollar will not be as dominant. But this does not mean that coming changes need be sudden and dire or that the dollar is doomed to lose its international status. Challenging the presumption thatthere is room for only one true global currency, Eichengreen shows that several currencies have regularly shared this role. What was true in the distant past will be true, once again, in the not-too-distant future. The dollar will lose its international currency status, Eichengreen warns, only if the United States repeats the mistakes that led to the financial crisis and only if it fails to put its fiscal and financial house in order. Incisive, challenging andiconoclastic, Exorbitant Privilege, is a fascinating analysis of the changes that lie ahead. It is a challenge, equally, to those who warn that the dollar is doomed and to those who regard its continuingdominance as inevitable. Author Biography Barry Eichengreen is Professor of Political Science and Economics at the University of California, Berkeley. His previous books include The European Economy Since 1945, Global Imbalances and the Lessons of Bretton Woods, Capital Flows and Crises, and Financial Crises and What to Do About Them. He has written for the Financial Times, Wall Street Journal, Foreign Affairs, and other publications. Details ISBN 0199596719 ISBN-13 9780199596713 Title Exorbitant Privilege Author Barry Eichengreen Format Hardcover Year 2011 Pages 222 Publisher Oxford University Press GE_Item_ID:137012877; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys
Price: 43.24 USD
Location: Calgary, Alberta
End Time: 2024-11-24T03:07:23.000Z
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
ISBN-13: 9780199596713
Book Title: Exorbitant Privilege
Number of Pages: 222 Pages
Language: English
Publication Name: Exorbitant Privilege : the Rise and Fall of the Dollar
Publisher: Oxford University Press, Incorporated
Subject: Economic History, International / Economics, Linguistics / General, Money & Monetary Policy
Item Height: 0.9 in
Publication Year: 2011
Type: Textbook
Item Weight: 16.6 Oz
Subject Area: Language Arts & Disciplines, Business & Economics
Item Length: 9.5 in
Author: Barry Eichengreen
Item Width: 6.4 in
Format: Hardcover
