A powerful new understanding of global currency trends, including the rise of the Chinese yuanAt first glance, the history of the modern global economy seems to support the long-held view that the currency of the world's leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists "An excellent introduction to the history of international reserve currencies over the past two centuries. . . . [C]ompulsory reading."-Richard Parlour, Central Banking Journal