ESCP Europe

In this book, the author traces the rise of the dollar to international prominence over the course of the 20th century. He shows how the greenback dominated internationally in the second half of the century for the same reasons and way that the US dominated the global economy. He argues that the dollar will not be as dominant, but this does not mean that the coming changes will necessarily be dire or that the dollar is doomed to lose its international status. Challenging the presumption that there is room for only one true global currency (either the dollar or something else) he shows that several currencies have shared this international role over long periods.