Arrogant privileges

"Exorbitant Privilege" txt e-book free download, Author: Barry Eichengreen.

"Exorbitant Privilege" txt download introduction: Over the past half century, the dollar has not only been America's currency but also the world's. Global importers, exporters, investors, governments, and central banks all use it. Because of its role as the single international currency, the dollar has become a source of power for the United States, an "exorbitant privilege" enjoyed by the U.S. However, with the rise of emerging economies such as China, India, and Brazil, along with the unlimited expansion of the U.S. budget deficit, holding dollars is now seen as a losing proposition. Will the dollar lose its status as an international currency? What changes will occur in the international monetary system? One of America's most famous economists, Barry Eichengreen, tells the story of how the dollar rose to become an international currency and predicts its future prospects under current economic conditions. Through the history, present, and future of the dollar, the author reveals the evolution of the global economy. The book also looks forward to the roles that several currencies, including the dollar, euro, and renminbi, will play, offering an engaging analysis of possible changes in future international currencies. In this era of great economic change, will the once-dominant dollar lose its brilliance? After reading this excellent book about the role and status of the dollar, "Exorbitant Privilege," you will surely be inspired.