Dr. Grass completed her PhD studies in Chinese History at the University of British Columbia, Canada. Currently, she is a Postdoctoral Fellow at the School of History in Tel Aviv University. Her work concerns issues in political economy and fiscal policy. Her research on paper money in imperial China uses its five-hundred year history to broaden our understanding of the performance of fiat currency in the economy. Its implementation in premodern economies challenges accepted theories on economic development and modernity and thus offers an important contribution to the analysis of contemporary economic patterns and a novel comparative perspective from which to reevaluate historical paths that led to the present day.