Exorbitant Privilege

The US’ exorbitant privilege has become a rich world privilege – New study calls for a reform of the international monetary system

The US’ exorbitant privilege has become a rich world privilege – New study calls for a reform of the international monetary system

By Gastón Nievas and Alice Sodano (Paris School of Economics, World Inequality Lab)

Over the past decades the world has experienced a process of financial integration and capital liberalisation that has permitted an increase i…