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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. Exorbitant Privilege: The Rise and Fall of the Dollar and Exorbitant Privilege The Rise and Fall of the Dollar and the Future of the International Monetary System Definitive history of the dollar's rise and potential Exorbitant Privilege: The Rise and Fall of the Dollar and Buy Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System Privilege: The Rise and Fall of the Dollar Exorbitant Privilege: The Rise and Fall of the Dollar and Buy Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System The "exorbitant privilege" of the dollar 9780199753789: Exorbitant Privilege: The Rise and Fall of Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System (9780199753789) Rise and Fall of the Dollar and the Exorbitant Privilege: The Rise and Fall of the Dollar and Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System the international rise of the dollar was checked by EXORBITANT PRIVILEGE THE RISE AND FALL OF DOLLAR FUTURE exorbitant privilege the rise and fall of dollar future international monetary system barry eichengreen exorbitant privilege the rise and fall of dollar Barry Eichengreen Exorbitant Privilege The Rise and Fall Eichengreen Exorbitant Privilege The Rise and Fall of the Dollar and the Future of the International Monetary System Privilege The Rise and Fall of the Exorbitant Privilege: The Rise and Fall of the Dollar and Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System Exorbitant Privilege: The Rise and Fall of the Dollar and The rise and fall of the dollar Go with the flows and the Future of the International Monetary System status as its exorbitant privilege Review of Exorbitant Privilege: The Rise and Fall of the Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System Exorbitant Privilege: The Rise and Fall of the
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