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Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead - Hardcover
Synopsis
A National Bestseller • Recommended by Financial Times as “What to Read in 2025”
“The central argument of Our Dollar, Your Problem—that the greenback’s pre-eminence was never guaranteed and might plausibly be overturned—could hardly be more timely.”—The Economist
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 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.
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About the Author
Kenneth Rogoff is Maurits C. Boas Professor of Economics at Harvard University and former International Monetary Fund chief economist. One of the world’s foremost observers on the global economy, he is coauthor of the New York Times bestselling This Time Is Different.
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Hardcover. Condition: new. Hardcover. 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 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 dollarhow it beat out the Japanese yen, the Soviet ruble, and the euroand 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 instabilitynot just abroad but also at home. A leading economist explores the U.S. dollar's inexorable postwar global expansion and argues that today's outsized footprint may portend greater financial instability at home and abroad Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780300275315
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Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead
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Hardback. Condition: New. A National Bestseller . Recommended by Financial Times as "What to Read in 2025" "The central argument of Our Dollar, Your Problem-that the greenback's pre-eminence was never guaranteed and might plausibly be overturned-could hardly be more timely."-The Economist 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 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. Seller Inventory # LU-9780300275315
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