Will the renminbi become a world currency?

Dobson, Wendy; Masson, Paul

doi:10.1016/j.chieco.2008.05.005

Cited by 105 publications

(68 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Financial system development is intimately associated with exchange rate regime choice, the design of exchange arrangements and the tools available for enacting monetary policy (McKay 2007;Prasad et al 2005;Dobson and Masson 2009). Despite contrary evidence presented by the modelling community (for example, Lee et al 2004), exchange rate adjustment in the surplus regions is often put forward as the key fulcrum in the imbalances story.…”

Section: Imbalances In the World Economy And China's Future Trajectorymentioning

confidence: 99%

China's New Place in a World in Crisis : Economic, Geopolitical and Environmental Dimensions

Garnaut¹,

Song²,

Woo³

2009

View full text Add to dashboard Cite

Section: Imbalances In the World Economy And China's Future Trajectorymentioning

confidence: 99%

China's New Place in a World in Crisis : Economic, Geopolitical and Environmental Dimensions

Garnaut¹,

Song²,

Woo³

2009

View full text Add to dashboard Cite

“…В современной мировой валютной системе участились примеры использования нацио-нальных валют во взаимных расчетах, что привело к интернационализации таких денежных еди-ниц, как юань [2]. Импортеры китайской продукции, банки и другие юридические лица могут при-обретать юаневые контракты на Московской бирже как для обслуживания реальной экономики, так и со спекулятивными целями [3].…”

unclassified

Особенности Рынка Юаня В России

Вячеславович¹

2017

ТиПОР

View full text Add to dashboard Cite

“…They also accept that eventually the RMB could become an international reserve currency. For this to happen, however, the capital account must be fully convertible which will open China to global capital flows from which it is now protected, and loosen control over monetary policy (Dobson and Masson 2009). …”

Section: The 12mentioning

confidence: 99%

History Matters: China and Global Governance

Dobson

2010

SSRN Journal

Self Cite

View full text Add to dashboard Cite

This paper focuses on the two-way relationship between China and the international economic system. China's embrace of the global institutions and their rules and norms helped guide its spectacular economic growth and integration into the world economy. China's impact on the global economic order is still an open question, however. Its sheer size and dynamism makes it a force to be reckoned with. So far its influence has been largely constructive but recent signs of assertiveness in the Asian region and at home coincident with the 2012 leadership transition raise questions about the future. History matters to the answer. Memories of historical pre-eminence and humiliation drive nationalism and assertiveness at the same time that China identifies with developing countries as a counterbalance rather than as a leader or enforcer of the global norms and rules. The paper evaluates China's role in the regional and global economic institutions by applying a basic criterion of economic cooperation: is China willing to modify national policies in recognition of international economic interdependence? In the global institutions China does the minimum whereas in the region it has cooperated in safeguarding regional economic stability. Participation in the IMF demonstrates the complexities of China's re-emergence. China pursues its own interests in managing the exchange rate regime and accumulating foreign reserves, seemingly with little regard for the external consequences, at the same time that it advocates reforms in the international monetary system.

show abstract

Will the renminbi become a world currency?

Cited by 105 publications

References 7 publications

China's New Place in a World in Crisis : Economic, Geopolitical and Environmental Dimensions

China's New Place in a World in Crisis : Economic, Geopolitical and Environmental Dimensions

Особенности Рынка Юаня В России

History Matters: China and Global Governance

Contact Info

Product

Resources

About