Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System

by Barry Eichengreen

Book Overview

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 three-quarters 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...

• Format: Hardcover
• Language: English
• ISBN: 0199753784
• ISBN13: 9780199753789
• Release Date: January 2011
• Publisher: Oxford University Press, USA
• Length: 224 Pages
• Weight: 0.05 lbs.
• Dimensions: 0.9" x 6.7" x 9.3"