Description
Book SynopsisTrade Review"The authors conclude that the euro, in particular, will play a more consequential role in international reserves relative to the US dollar, while China’s renminbi will be slower to achieve acceptance."
---Ian McLennan, Spear's Magazine"A readable and timely book." * Finance & Development *
"
How Global Currencies Work is 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"The book gives readers an excellent introduction to the history of international reserve currencies over the past two centuries. . . . For those involved, whether at a national or international level, in government or in financial institutions, it will make compulsory reading."
---Richard Parlour, Central Banking Journal"This volume offers a thrilling history of global finance over the past two centuries. It is very well written, marshals extensive new data and provides fascinating new insight into how global currencies work."
---Ivo Maes, History of Economic Ideas
