University of Miami Currency Internationalization Cost and Benefits Discussion

Question 1. In chapter 1, Cohen presents the main roles that a currency must enjoy in order to be “international.”

• Please explain why would a currency seek to be an international currency and go throuth the internalization process?
• Please explain why there are so few international currencies?
• And which are the principal qualities required for a currency to become international?

Question 2. Please pick explain the following refereing to OUR readings.

• What explains the undiminished power of the US dollar?
• What is the euro missing to become the expected international currency?
• What is preveting the yuan to become an unstoppable international currency?
• What explains the fall and demise of the Sterling and the end of the Sterling a the hegemonic currency?
• What lessons can be drawn for the yen as a short-lived international currency

you must use the references from these 4 readings , not use others !!!!!