Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System
Traces the dollar's rise to global supremacy and weighs the economic and political forces that may soon challenge its reign.
About This Book
Exorbitant Privilege examines the historical ascent of the dollar as the world's primary reserve currency.
The book traces the economic and political forces that cemented its status after World War II.
It also explores mounting pressures that could erode this dominance in the twenty-first century.
Barry Eichengreen draws on decades of research to assess risks and possible successors.
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