作者：BarryEichengreen
出版社：OxfordUniversityPress,USA
副标题：TheRiseandFalloftheDollarandtheFutureoftheInternationalMonetarySystem
出版年：2011-1-7
页数：224
定价：USD27.95
装帧：Hardcover
ISBN：9780199753789
作者简介
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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 world, is a source of strength for the United States. It is, as a critic of U.S. policies once put it, America's "exorbitant privilege." However, recent events have raised concerns that this soon may be a privilege lost. Among these have been the effects of the financial crisis and the Great Recession: high unemployment, record federal deficits, and financial distress. In addition there is the rise of challengers like the euro and China's renminbi. Some say that the dollar may soon cease to be the world's standard currency–which would depress American living standards and weaken the country's international influence.
In Exorbitant Privilege, one of our foremost economists, Barry Eichengreen, traces the rise of the dollar to international prominence over the course of the 20th century. He shows how the greenback dominated internationally in the second half of the century for the same reasons–and in the same way–that the United States dominated the global economy. But now, with the rise of China, India, Brazil and other emerging economies, America no longer towers over the global economy. It follows, Eichengreen argues, that the dollar will not be as dominant. But this does not mean that the coming changes will necessarily be sudden and dire–or that the dollar is doomed to lose its international status. Challenging the presumption that there is room for only one true global currency–either the dollar or something else–Eichengreen shows that several currencies have shared this international role over long periods. What was true in the distant past will be true, once again, in the not-too-distant future.
The dollar will lose its international currency status, Eichengreen warns, only if the United States repeats the mistakes that led to the financial crisis and only if it fails to put its fiscal and financial house in order. The greenback's fate hinges, in other words, not on the actions of the Chinese government but on economic policy decisions here in the United States.
Incisive, challenging and iconoclastic, Exorbitant Privilege is a fascinating analysis of the changes that lie ahead. It is a challenge, equally, to those who warn that the dollar is doomed and to those who regard its continuing dominance as inevitable.
– from Amazon.com
目录
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Barry Eichengreen is Professor of Political Science and Economics at the University of California, Berkeley. His previous books include The European Economy Since 1945, Global Imbalances and the Lessons of Bretton Woods, Capital Flows and Crises, and Financial Crises and What to Do About Them. He has written for the Financial Times, Wall Street Journal, Foreign Affairs, and other publications.
– from Amazon.com
评论 ······
被書名給騙了，爛書
反刍熟知的二手史料，骑墙所有的可能前景=没有真正实锤的内容。
a pretty good overview of the dollar's history and its ups and downs
作者设想了美元的崩溃: 广大投资人和央行们一觉醒来，发现美国政府变成了庞氏骗局，借新债还美债的利息，迅速抛售美债收益率飚高，美国内通胀压力爆炸，联储不得不抛弃传统货币政策压低通胀，大幅提高联邦基金利率，然而后果将是灾难性的。。。
所以全书都在说控制好你的债务，搞好你的经济，比什么美元又跌了多少重要太多。
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