Books > Business & Economics > Economics > Macroeconomics > Monetary economics
|
Not currently available
Exorbitant Privilege - The Rise and Fall of the Dollar and the Future of the International Monetary System (Paperback)
Loot Price: R336
Discovery Miles 3 360
You Save: R108
(24%)
|
|
Exorbitant Privilege - The Rise and Fall of the Dollar and the Future of the International Monetary System (Paperback)
(sign in to rate)
List price R444
Loot Price R336
Discovery Miles 3 360
You Save R108 (24%)
Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.
|
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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.