The exorbitant privilege it may covet is a lower foreign-exchange risk on its savings.

这样做带来的好处是降低本国储蓄的汇率风险。

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As I describe in my new book "Exorbitant Privilege," the U.S. used its financial weapon to force Great Britain to accede to its demands during the 1956 Suez Crisis.

在我的新书“嚣张的特权”(Exorbitant Privilege)中有描述，美国曾在1956年苏伊士危机中使用金融武器迫使英国同意它的要求。

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The US has better growth prospects than most European nations and has the "exorbitant privilege" of issuing debt in the world's reserve currency, which keeps the cost down.

美国比大多数欧洲国家有更好的增长前景，而且美国还有将债务转移到国际储备货币上的“过分的特权”，这将使成本降低。

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In his recent book, "Exorbitant privilege", Mr Eichengreen argues that a reserve-currency system will emerge in which the dollar, the euro and the yuan share the privileges and the responsibilities.

在Eichengreen先生最近的一本新书《过分特权》里，他提出将会产生新的储备货币系统，其中美元，欧元，人民币三足鼎立，平分特权和责任。

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In his recent book, "Exorbitant privilege", Mr Eichengreen argues that a reserve-currency system will emerge in which the dollar, the euro and the yuan share the privileges and the responsibilities.

在Eichengreen先生最近的一本新书《过分特权》里，他提出将会产生新的储备货币系统，其中美元，欧元，人民币三足鼎立，平分特权和责任。

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