Exorbitant privilege
The term exorbitant privilege (privilège exorbitant in French) refers to the benefits the United States has due to its own currency (i.e., the US dollar) being the international reserve currency. For example, the US would not face a balance of payments crisis, because their imports are purchased in their own currency. Exorbitant privilege as a concept cannot refer to currencies that have a regional reserve currency role, only global reserve currencies.
Charles_de_GaulleCurrency crisisCurrency transaction taxEuropean Union financial transaction taxFinancial transaction taxForeign policy of Charles de GaulleHistory of FranceHistory of French foreign relationsIreland as a tax havenMichael Hudson (economist)Nixon shockReserve currencySpahn taxTriffin dilemmaValuation effectsValéry Giscard d'Estaing
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Exorbitant privilege
The term exorbitant privilege (privilège exorbitant in French) refers to the benefits the United States has due to its own currency (i.e., the US dollar) being the international reserve currency. For example, the US would not face a balance of payments crisis, because their imports are purchased in their own currency. Exorbitant privilege as a concept cannot refer to currencies that have a regional reserve currency role, only global reserve currencies.
has abstract
Le privilège exorbitant est le ...... nces Valéry Giscard d'Estaing.
@fr
The term exorbitant privilege ...... higher than interest expenses.
@en
«Непомерная привилегия» (англ. ...... валюты в глобальной экономике.
@ru
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comment
Le privilège exorbitant est le ...... nces Valéry Giscard d'Estaing.
@fr
The term exorbitant privilege ...... nly global reserve currencies.
@en
«Непомерная привилегия» (англ. ...... валюты в глобальной экономике.
@ru
label
Exorbitant privilege
@en
Privilège exorbitant
@fr
Непомерная привилегия
@ru