For many observers, internationalization is the yuan's manifest destiny - an irresistible by-product of the remarkable economic success of the People's Republic of China (PRC). But is such confidence warranted? Recent history has seen the emergence of other currencies that were also expected, at...

Monetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the relationship between currency...

For many observers, internationalization is the yuan's manifest destiny - an irresistible by-product of the remarkable economic success of the People's Republic of China (PRC). But is such confidence warranted? Recent history has seen the emergence of other currencies that were also expected, at...

Frontmatter -- Contents -- Tables and Figures -- Acknowledgments -- Abbreviations and Acronyms -- Introduction -- 1. International Currency -- 2. Power Analysis -- 3. Monetary Power -- 4. From Currency to Power -- 5. From Power to Currency -- 6. Currency Competition Today -- 7. The Dollar: Power...