Role of National Currencies in Transforming International Monetary System

Vladimir Shapovalov
Additional contact information
Vladimir Shapovalov: Moscow State Institute of International Relations (MGIMO University)

A chapter in Financial Markets Evolution, 2021, pp 109-117 from Palgrave Macmillan

Abstract: Abstract The chapter provides a brief overview of use of Euro and Chinese Yuan for international operations. Availabe date shows that the process of transformation of the international monetary system as a result of substituting US dollar with other currencies happens at a very slow pace. European and Chinese experience confirmes that government support followed by interaction with global market participants, macroeconomic stability and financial market development is requred for national currencies promotion in international operations.

Keywords: Settlements in national currencies; International monetary system; Renminbi internationalization; Euro; World currency; F39 (search for similar items in EconPapers)
Date: 2021
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:pmschp:978-3-030-71337-9_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030713379

DOI: 10.1007/978-3-030-71337-9_8

Access Statistics for this chapter

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