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Renminbi's potential to become a global currency

by Friedrich Wu, Rongfang Pan, Di Wang
China and World Economy ()
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Abstract

This paper is a tentative endeavor to delineate the potential of the renminbi to become a global currency. It first analyzes the critical economic, financial and policy attributes that are required to support a currency to gain an international role. It then examines whether China has the potential to acquire these attributes. The paper concludes by offering some provisional observations on the implications for Asia and the global economy, should the renminbi evolve into a world currency in the coming decades.

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19 Readers on Mendeley
by Discipline
 
47% Social Sciences
 
37% Economics, Econometrics and Finance
 
16% Business, Management and Accounting
by Academic Status
 
42% Student > Ph. D. Student
 
32% Student > Master
 
5% Student > Bachelor
by Country
 
5% Germany
 
5% Australia
 
5% Taiwan

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