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Description
Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary SystemRecent events in the US high unemployment, record federal deficits, and unprecedented financial distress have raised serious doubts about the future of the dollar. So profound has been the impact that some say the dollar may soon cease to be the world's standard currency. Is the situation that bad? In Exorbitant Privilege, one of our foremost experts on the international financial system argues that while the dollar is bound to lose its singular
Recent events in the US--high unemployment, record federal deficits, and unprecedented financial distress--have raised serious doubts about the future of the dollar. So profound has been the impact that some say the dollar may soon cease to be the world's standard currency. Is the situation that bad? In Exorbitant Privilege, one of our foremost experts on the international financial system argues that while the dollar is bound to lose its singular status to newcomers like the Euro and the Chinese Renminbi, the coming changes will be neither sudden nor dire. Barry Eichengreen puts today's crisis in historical context, revealing that only after World War II, with Europe and Japan in ruins, did the dollar become the world's monetary lingua franca--the reserve currency of the world's banks and the kind of cash accepted virtually everywhere. Now, with the rise of China, India, Brazil and other emerging economies, America no longer towers over the global economy like before. And the U.S. itself faces very serious economic and financial challenges as it contemplates its medium-term future. But despite this, Eichengreen concludes, predictions of the dollar's demise are greatly exaggerated. The paperback edition features a new afterword that takes the story up through 2012.Binding Type: Paperback
Publisher: Oxford University Press, USA
Published: 09/01/2012
ISBN: 9780199931095
Pages: 226
Weight: 0.70lbs
Size: 9.10h x 6.00w x 0.70d
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4.8 ★★★★★
Based on 8 reviews
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Product Reviews
★★★★★ 5
Totally worth the money
Size: King (Pack of 1), Size: King (Pack of 1)
Right off the bat, the packaging is absolutely adorable and felt like I was buying a premium product. I love that this pillow is adjustable and as a side sleeper, I needed a pillow that is both firm and supportive of my neck. This hits all the boxes. We will be buying more of these for our bed!
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Reviewed in the United States on June 1, 2026
★★★★★ 5
Best pillow ever!!!
Size: Sapphire Queen
I have actually tried dozens and dozens of pillows in my life, and dozens in the past three years, but this is it. Some cheap, some very very expensive, and some very famous brands. This one beats them all. So awesome and comfortable (side sleeper). I tried one and loved it so much I ordered a second right away. It is exactly what I've been searching for forever!!!
Stays in shape, extremely comfortable. Only thing is you definitely need a 32" pillowcase to cover it, and I wish they made a 34" pillowcase, but no luck. I used the pillow the same night and it's definitely worth the money.
No neck pain, super squishy but supportive, and no odor.
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Reviewed in the United States on October 31, 2025
★★★★★ 5
Great pillow
Size: Sapphire King, Size: Sapphire King
Super comfy pillow. Fluffs up without any issues and it was the first night in a long time I wasn't allover the bed trying to get comfortable. I appreciate the fact that the material in the pillow can be washed. The prefill was perfect for me so I did not need to remove or add but I like the option to do so. 10/10
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Reviewed in the United States on April 21, 2026
★★★★★ 5
Way fluffy, good support
Size: Sapphire Queen
This pillow is way fluffy. It does fit into a standard pillowcase with a little tugging and stuffing. Worth it though, as it’s cool and provides more support than a usual side sleeper pillow. I’m not using the extra stuffing that comes with it as the firmness is fine for me right out of the box.
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Reviewed in the United States on April 18, 2026
★★★★★ 5
Great for side sleeper
Size: Sapphire King
I am loving this pillow. I waited a few months to see how I would feel about it, because I definitely did not like solid foam pillows previously. I’m a side sleeper, and my pillows were discontinued from a different bedding company. I tried a few others in the interim and was not happy with the support for my neck. Tried this one and I really love the shredded foam. It supports my neck and my head, it’s comfortable. It is movable if I need support in a certain position. It has extra fill if needed. Super happy with this purchase.
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Reviewed in the United States on May 28, 2026