Our dollar, your problem an insider's view of seven turbulent decades of global finance, and the road ahead
"Our Dollar, Your Problem 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...
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| Main Author: | |
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| Format: | Books Print Book |
| Language: | English |
| Published: |
New Haven :
Yale University Press,
[2025]
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| Series: | Henry L. Stimson lectures, Yale University.
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| Subjects: | |
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| Summary: | "Our Dollar, Your Problem 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 inter-est 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 frus-trated 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."--Book jacket. |
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| Physical Description: | xiii, 345 pages : illustrations, maps ; 25 cm |
| Bibliography: | Includes bibliographical references (pages 293-331) and index. |
| ISBN: | 9780300275315 0300275315 |
| Author Notes: |
