EconPapers    
Economics at your fingertips  
 

Will the renminbi become a world currency?

Wendy Dobson () and Paul Masson ()

China Economic Review, 2009, vol. 20, issue 1, 124-135

Abstract: China has emerged as a major power in the world economy, so it seems natural to consider whether its currency will also have a major role. At present the renminbi is not used internationally. We look at the factors that contribute to the international use of currencies, and focus on the aspects of China's financial system that would have to change before the renminbi emerged as an important regional or world currency. Even with significant reforms, two questions would remain: whether the authorities would want to encourage its international use, and whether an economy with substantial party control could gain international acceptance for its currency.

Keywords: China; Renminbi; Reserve; currency (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1043-951X(08)00033-3
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Will the Renminbi Become a World Currency? (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:20:y:2009:i:1:p:124-135

Access Statistics for this article

China Economic Review is currently edited by B.M. Fleisher, K. X. D. Huang, M.E. Lovely, Y. Wen, X. Zhang and X. Zhu

More articles in China Economic Review from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-12-07
Handle: RePEc:eee:chieco:v:20:y:2009:i:1:p:124-135