The people's or the world's : RMB internationalisation in longer historic perspective

Niv Horesh

doi:10.1155/2011/161074

The people's or the world's : RMB internationalisation in longer historic perspective

Niv Horesh

Western Sydney University

Research output: Contribution to journal › Article › peer-review

Abstract

Prognoses of China's currency"”Renminbi or RMB in short"”going global have become a hotly debated topic in the economic and popular literature of late. While some analysts are tipping a gradual transformation of the RMB into the world's next principal reserve currency in lieu of the US$, others contend that the deficiencies of China's financial market will continue to preclude any such transformation for a long time to come. The aim of this paper is to survey the arguments put forward by either camp and to weigh into this debate not only through the prism of applied economic theory or political economy but also through the prism of economic history.

Original language	English
Article number	161074
Number of pages	13
Journal	Economics Research International
Volume	2011
DOIs	https://doi.org/10.1155/2011/161074
Publication status	Published - 2011

Open Access - Access Right Statement

Copyright © 2011 Niv Horesh. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Keywords

China
economic history
finance
foreign exchange reserves
renminbi

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10.1155/2011/161074

Cite this

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The people's or the world's : RMB internationalisation in longer historic perspective

Abstract

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Keywords

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