Construct · 1 fields · 1 citations

exorbitant privilege: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
exorbitantprivilege1 CONSTRUCTExorbitant privilegeGOURINCHAS · INTERNATIONAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

International economics

the excess return a reserve-currency issuer earns on its foreign assets over its liabilities, letting it run deficits on easier terms.

In international economics, exorbitant privilege refers to the excess return a reserve-currency issuer earns on its foreign assets over its liabilities, letting it run deficits on easier terms. This meaning comes from Gourinchas (2005) in From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege.[1]

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Nearby constructs

banker1 fields · 1 citationsanchor · a standalone constructprivilege5 fields · 11 citationsjingle · one word, five constructsreturn3 fields · 3 citationsjingle · one word, three constructs

References

  1. Gourinchas, P., & Rey, H. (2005). From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege. National Bureau of Economic Research. https://doi.org/10.3386/w11563

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