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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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★★★★★ 5
Reliable product
I would buy again. Quality construction. I searched every where looking for right size for my 2006 Volvo. No auto parts store in town carried the right size. Only big cities in Arizona have Volvo dealers. The closest was Vegas and Lake Havasu City. Thanks to Amazon saved me a long drive.
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Reviewed in the United States on January 28, 2024
★★★★★ 5
Todo perfecto 10/10
Todo muy bien 10/10 exelente.
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Reviewed in the United States on March 21, 2026
★★★★★ 5
N54 engine — it fit absolutely perfectly.
N54 engine — it fit absolutely perfectly.
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Reviewed in the United States on March 17, 2026
★★★★★ 5
Works well
This works as a fancy oil cap remover. I wish my oil cap looked this nice.
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Reviewed in the United States on May 25, 2025
★★★★★ 3
Well built
Well made product. I have an volvo xc60 and it fits the oil filter housing perfectly but because of its thickness, there's some interference with the heat shield or it could be part of the skid plate assembly that is next to the filter housing.
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Reviewed in the United States on April 23, 2025