Description
The Exorbitant Burden explores the paradoxical advantages and disadvantages of the U.S. dollar’s privileged position as the global reserve currency. Authors Taranza T. Ganziro and Robert G. Vambery conduct a thorough investigation into how this monetary dominance directly influences and perpetuates America’s persistent twin deficits—the fiscal budget deficit and the current account trade deficit.
The book provides rigorous economic analysis demonstrating how the reserve currency status allows the United States to maintain spending levels beyond its productive capacity, while simultaneously examining the long-term consequences for economic stability. The authors present evidence-based arguments about the relationship between currency privilege and macroeconomic imbalances, offering insights valuable to policymakers, economists, and students of international finance.
Published by Emerald Group Publishing Limited, this non-fiction work contributes significantly to academic discourse on global financial systems and currency dynamics.
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