measure in detail, arguing that in view of financial globalisation, an indicator based on currency shares in the international …This paper presents a new concept the global roles of currencies. The concept combines the domestic and international … economy. The measure of a currency's global role is based on the size and stage of development of the underlying economy, as …

Preface -- A historical prologue -- Currency concepts -- Capital account opening -- The exchange rate regime -- The RMB … goes global -- Reserve currency -- The mirage of safety -- Could China stumble? -- Rising global influence -- Conclusion …