Title: Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead Author: Kenneth Rogoff Genre: Economics, Global Finance, History Publication Date: 2025 available on Amazon: https://amzn.to/438r5a0

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Dive into the fascinating world of global finance with Kenneth Rogoff's "Our Dollar, Your Problem." This book offers a unique insider's view of how the U.S. dollar became the dominant global currency and what the future might hold. Rogoff takes you on a journey through seven turbulent decades, exploring past challenges to the dollar's power from the Soviet Union and Japan, to the rise of the single currency in Europe. He then zeroes in on China, the present-day challenger, analyzing its economic system, institutions like the People's Bank of China, and the significant challenges it faces, including issues in its housing sector.

Discover how other countries cope with dollar dominance, from dealing with fixed exchange rates to hyperinflation, and examine the potential for alternative currencies like cryptocurrencies and Central Bank Digital Currencies (CBDCs). Rogoff also weighs the perks and burdens of issuing the world's leading currency, including the concept of "exorbitant privilege".

What makes this book a must-read? Rogoff masterfully blends historical analysis with personal experiences, offering unique insights from his professional and policy roles. He brings to life encounters with key global figures and uses these anecdotes to illuminate complex economic concepts. The book provides a comprehensive and thought-provoking look at the forces shaping the global economy, arguing that while dollar dominance has defined an era, we may be approaching "peak dollar dominance". Understand the road ahead and the implications for macroeconomic stability.

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