-Titulo Original : Exorbitant Privilege The Rise And Fall Of The Dollar And The Future Of The International Monetary System
-Fabricante :
Oxford University Press
-Descripcion Original:
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 worlds standard currency. Is the situationthat 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 putstodays crisis in historical context, revealing that only after World War II, with Europe and Japan in ruins, did the dollar become the worlds monetary lingua franca--the reserve currency of the worlds 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 dollars demise aregreatly exaggerated. The paperback edition features a new afterword that takes the story up through 2012. Review Shortlisted for FT/Goldman Sachs Business Book of the Year 2011! A fascinating and readable account of the dollars rise and potential fall--The Economist A rare combination of macroeconomic mastery, historical erudition, good political instincts and the sort of stubborn common sense that is constantly placing familiar problems in a new light.--Financial Times This short, accessible book about the U.S. dollar by Barry Eichengreen may be one of the most important published this year.--Barrons [A] brisk primer on the dollars role in the international monetary system.--Bloomberg News Exorbitant Privilege is a book for anyone who has been perplexed why, despite the frequent predictions of the dollars demise over the last fifty years, it has managed to maintain its position as the worlds pre-eminent reserve currency. The book includes both a lively historical account of thedollars role in the international monetary system and an incisive and balanced discussion of future challenges.--Liaquat Ahamed, author of Lords of Finance Short and eminently readable.... In just 177 pages of text, [Eichengreen] provides a wealth of material for both the lay reader and the scholar.... You cant do better than Eichengreen for a solid read on the dollars wild ride.--The American Prospect Compact and readable...Eichengreen adds much needed nuance and subtlety to the U.S. dollar debate....is [also] a pithy and amusing history of the international monetary system....for those fascinated by historical figures and events, behind-the-scenes machinations, and the logistical elements thatmake a complex currency and trade system work, the telling is very well done.--Business Insider Barry Eichengreens book couldnt be more timely... Elegant and pithy.--Finance & Development, IMF The book, written for the general public, is useful and pleasant to read also by the so-called professionals. Those used to Eichengreens clear and fluent prose will find here a particularly light touch obtained by dropping here and there a good dose of anecdotal hints to lessen the weight ofserious history and rigorous economics...provides a masterful users manual for the crisis that began in 2007.--EH This slender and pleasant book is a story of the dollar in the world financial system, and an attempt at speculating on the future of the U.S. currency.... [It] is good reading, contains well organized facts and discussions, and raises important and difficult questions.--Journal of EconomicLiterature The historical narrative in this book is fascinating and I highly recommend it to both specialists and nonexpert advanced readers.--Journal of Economic
-Fabricante :
Oxford University Press
-Descripcion Original:
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 worlds standard currency. Is the situationthat 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 putstodays crisis in historical context, revealing that only after World War II, with Europe and Japan in ruins, did the dollar become the worlds monetary lingua franca--the reserve currency of the worlds 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 dollars demise aregreatly exaggerated. The paperback edition features a new afterword that takes the story up through 2012. Review Shortlisted for FT/Goldman Sachs Business Book of the Year 2011! A fascinating and readable account of the dollars rise and potential fall--The Economist A rare combination of macroeconomic mastery, historical erudition, good political instincts and the sort of stubborn common sense that is constantly placing familiar problems in a new light.--Financial Times This short, accessible book about the U.S. dollar by Barry Eichengreen may be one of the most important published this year.--Barrons [A] brisk primer on the dollars role in the international monetary system.--Bloomberg News Exorbitant Privilege is a book for anyone who has been perplexed why, despite the frequent predictions of the dollars demise over the last fifty years, it has managed to maintain its position as the worlds pre-eminent reserve currency. The book includes both a lively historical account of thedollars role in the international monetary system and an incisive and balanced discussion of future challenges.--Liaquat Ahamed, author of Lords of Finance Short and eminently readable.... In just 177 pages of text, [Eichengreen] provides a wealth of material for both the lay reader and the scholar.... You cant do better than Eichengreen for a solid read on the dollars wild ride.--The American Prospect Compact and readable...Eichengreen adds much needed nuance and subtlety to the U.S. dollar debate....is [also] a pithy and amusing history of the international monetary system....for those fascinated by historical figures and events, behind-the-scenes machinations, and the logistical elements thatmake a complex currency and trade system work, the telling is very well done.--Business Insider Barry Eichengreens book couldnt be more timely... Elegant and pithy.--Finance & Development, IMF The book, written for the general public, is useful and pleasant to read also by the so-called professionals. Those used to Eichengreens clear and fluent prose will find here a particularly light touch obtained by dropping here and there a good dose of anecdotal hints to lessen the weight ofserious history and rigorous economics...provides a masterful users manual for the crisis that began in 2007.--EH This slender and pleasant book is a story of the dollar in the world financial system, and an attempt at speculating on the future of the U.S. currency.... [It] is good reading, contains well organized facts and discussions, and raises important and difficult questions.--Journal of EconomicLiterature The historical narrative in this book is fascinating and I highly recommend it to both specialists and nonexpert advanced readers.--Journal of Economic

