International Economics Question

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 !!!!!

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