Rogoff, Kenneth S.; Tashiro, Takeshi - In: Journal of the Japanese and International Economies 35 (2015) C, pp. 43-61
The concept of “exorbitant privilege” has received great attention from policy makers as well as academics worldwide … low interest rates, due to the dollar’s world reserve currency status. In recent years, the term exorbitant privilege has …, we give a brief review of the recent literature on exorbitant privilege, and then proceed to discuss exorbitant privilege …