Our Dollar, Your Problem

An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead

By: Kenneth Rogoff

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Hardcover | 26 June 2025 | Edition Number 1

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Hardcover
360 Pages

Dimensions(cm)
24.0 x 16.5 x 3.5

Hardcover

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A National Bestseller â¢ Recommended by Financial Times as âWhat to Read in 2025â âThe central argument of Our Dollar, Your Problemâ"that the greenbackâs pre-eminence was never guaranteed and might plausibly be overturnedâ"could hardly be more timely.ââ"The Economist A leading economist explores the global rise of the U.S. dollar and shows why its future stability is far from assured Our Dollar, Your Problem argues that Americaâs currency might not have reached todayâs lofty pinnacle without a certain amount of good luck. Drawing in part on his own experiences, including with policymakers and world leaders, Kenneth Rogoff animates the remarkable postwar run of the dollarâ"how it beat out the Japanese yen, the Soviet ruble, and the euroâ"and the challenges it faces today from crypto and the Chinese yuan, the end of reliably low inflation and interest rates, political instability, and the fracturing of the dollar bloc. Americans cannot take for granted that the Pax Dollar era will last indefinitely, not only because many countries are deeply frustrated with the system, but also because overconfidence and arrogance can lead to unforced errors. Rogoff shows how Americaâs outsized power and exorbitant privilege can spur financial instabilityâ"not just abroad but also at home.

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