Our Dollar, Your Problem
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Krátky popis
A leading economist explores the global rise of the U.S. dollar and
shows why its future stability is far from assured Our Dollar, Your
Problem&,nbsp,argues that America’s currency might not have
reached today’s lofty pinnacle without a certain amount of good
luck. Drawing in part on his own experiences, including with
policymakers and world leaders, Kenneth Rogoff animates the
remarkable postwar run of the dollar—how it beat out the Japanese
yen, the Soviet ruble, and the euro—and the challenges it faces
today from crypto and the Chinese yuan, the end of reliably low
inflation and interest rates, political instability, and the
fracturing of the dollar bloc. Americans cannot take for granted
that the Pax Dollar era will last indefinitely, not only because
many countries are deeply frustrated with the system, but also
because overconfidence and arrogance can lead to unforced errors.
Rogoff shows how America’s outsized power and exorbitant privilege
can spur financial instability—not just abroad but also at home.
Výber kníh autorov
Kenneth Rogoff ,
Yale University Press
Zobraziť všetky knihy autora
Kenneth Rogoff,
Yale University Press
Výber kníh vydavateľa
Slovart
Zobraziť všetky knihy vydavateľa
Slovart
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