If you are having trouble with the NLR website, please provide details here, and we will try to improve the site accordingly.
THE DOLLAR ERA
This is a brisk and invigorating account of a century of international monetary developments by one of America’s foremost economic historians.  As would be expected, Exorbitant Privilege is extremely well informed, cogently argued and broadly persuasive. Events and policies, such as the Suez war, the ems breakdown or the current financial crisis—together with sharp criticism of the excessive deregulation favoured by both Alan Greenspan and Larry Summers—are splendidly documented. Conflicting views of what might happen in future are clearly put forward and analysed. Unexpectedly, perhaps, the book also displays fairly frequent touches of humour. In other words, it is both erudite and readable.
Subscribe for just £35 and get free access to the archive
Please login on the left to read more or buy the article for £3