A Not-so-Mighty Yuan

Chi Lo

Chapter 2 in The Renminbi Rises, 2013, pp 17-35 from Palgrave Macmillan

Abstract: Abstract In the last chapter, we argued that structural changes in the global economy were eroding the dominance of the world’s leading (G3) currencies, notably the US dollar (USD), the Euro (euro) and the Japanese yen (JPY), shifting the balance of influence towards the emerging market (EM) currencies. These secular trends will unfold over the coming decades. A dark horse from the EM universe that will challenge the dominance of the G3 currencies is the Chinese yuan, or renminbi (RMB). Indeed, China has been internationalising the RMB since 2009. This begs the question of the credibility of the RMB to live up to its potential global currency status.

Keywords: Capital Account; Real Effective Exchange Rate; Capital Flight; Current Account Surplus; Capital Outflow (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:pal:palchp:978-1-137-34625-4_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137346254

DOI: 10.1057/9781137346254_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().