How Global Currencies Work : Past, Present, and Future

"This eloquent and learned book will become the standard--perhaps one should say the gold standard--for discussions of international currency regimes, and for the analysis of the uncertainties that accompany changing global leadership."--Harold James, Princeton University "An excellent introduction to the history of international reserve currencies over the past two centuries. . . . [C]ompulsory reading."--Richard Parlour, Central Banking Journal "An ambitious title that delivers fascinating analysis on the rise and fall of international currencies in the 20th century with some educated suggestions about their trajectories in the 21st."--Christopher Smart, Project Syndicate