Sterling's Past, Dollar's Future: Historical Perspectives on Reserve Currency Competition

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Political determinants of international currencies: What future for the US dollar? (2008, unknown): “And the more that everyone’s commitment is suspect, the more each state will be tempted to defect from the coalition first and reap the maximum financial rewards of ‘cashing out’ while the value of the currency is still high (e.g. Eichengreen, 2005a).”
Why the Euro Will Rival the Dollar (2008, background): “But I agree with Barry Eichengreen (2005) that each individual participant will realize that it stands to lose more if it holds pat than if it joins the run, when it comes to that.”