The Rise and Fall of the Dollar with Barry Eichengreen (Conversations with History)

3/14/2011; 57 minutes

Host Harry Kreisler welcomes UC Berkeley economic historian Barry Eichengreen to discuss his new book, "Exorbitant Privilege." Outlining the history of the dollar's role in the international monetary system, Eichengreen examines the function and characteristics of a reserve currency, the institutional prerequisites for the rise of the dollar as an international currency and the factors that accounted for the dollar's preeminence after World War II. In light of the fiscal crisis confronting the U.S. today, Eichengreen speculates on the future of the dollar and on the challenges posed by the euro and the yuan. (#20847)

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