Title
Exorbitant Privilege: The Rise And Fall Of The Dollar And The Future Of The International Monetary System,New
Delivery time: 8-12 business days (International)
For More Than Half A Century, The U.S. Dollar Has Been Not Just America'S Currency But The World'S. It Is Used Globally By Importers, Exporters, Investors, Governments And Central Banks Alike. Nearly Threequarters Of All $100 Bills Circulate Outside The United States. The Dollar Holdings Of The Chinese Government Alone Come To More Than $1,000 Per Chinese Resident.This Dependence On Dollars, By Banks, Corporations And Governments Around The World, Is A Source Of Strength For The United States. It Is, As A Critic Of U.S. Policies Once Put It, America'S 'Exorbitant Privilege.' However, Recent Events Have Raised Concerns That This Soon May Be A Privilege Lost. Among These Have Been The Effects Of The Financial Crisis And The Great Recession: High Unemployment, Record Federal Deficits, And Financial Distress. In Addition There Is The Rise Of Challengers Like The Euro And China'S Renminbi. Some Say That The Dollar May Soon Cease To Be The World'S Standard Currencywhich Would Depress American Living Standards And Weaken The Country'S International Influence.In Exorbitant Privilege, One Of Our Foremost Economists, Barry Eichengreen, Traces The Rise Of The Dollar To International Prominence Over The Course Of The 20Th Century. He Shows How The Greenback Dominated Internationally In The Second Half Of The Century For The Same Reasonsand In The Same Waythat 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, Eichengreen Argues, That The Dollar Will Not Be As Dominant. But This Does Not Mean That The Coming Changes Will Necessarily Be Sudden And Direor That The Dollar Is Doomed To Lose Its International Status. Challenging The Presumption That There Is Room For Only One True Global Currencyeither The Dollar Or Something Elseeichengreen Shows That Several Currencies Have Shared This International Role Over Long Periods. What Was True In The Distant Past Will Be True, Once Again, In The Nottoodistant 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. The Greenback'S Fate Hinges, In Other Words, Not On The Actions Of The Chinese Government But On Economic Policy Decisions Here In The United States.Incisive, Challenging And Iconoclastic, Exorbitant Privilege, Which Was Shortlisted For The Ft Goldman Sachs 2011 Best Business Book Of The Year, 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 Continuing Dominance As Inevitable.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.