Exorbitant Privilege: The Rise and Fall of the Dollar

Speaker: Professor Barry Eichengreen This event was recorded on 22 March 2011 in Hong Kong Theatre, Clement House The dollar, the world’s international reserve currency for over eighty years, has been a pillar of American economic hegemony. In the words of one critic, the dollar possessed an “exorbitant privilege“ in international finance that reinforced U.S. economic power. In Exorbitant Privilege, eminent economist Barry Eichengreen explains how the dollar rose to the top of the monetary order befor