Add to ORKGAfter several years of efforts, especially on the part of the Chinese government, the International Monetary Fund (IMF) announced on November 30, 2015 that the Chinese currency, yuan (RMB or人民币), will be included into the Special Drawing Right (SDR) basket, starting in October 2016. The SDR is an artificial currency created in 1969 to implement the U.S. dollar as an reserve asset. The SDR has been used as the unit of account in IMF. Currently, the SDR consists of four currencies: $, €, £, and ¥. These four currencies are also the major reserve currencies held by the central banks. Two questions arise: Is the RMB ready to be a major reserve currency? What are the benefits and costs of being a reserve currency
In the future, there is no one currency that is likely to replace the dollar as the main reserve cur...
The aim of this thesis is to answer the question of whether the Chinese currency fulfills prerequisi...
China’s foreign exchange reserves accumulation has been boosted dramatically in recent years. Howeve...
On October 1, 2016, the Chinese RMB (yuan) will be included in the SDRs of the International Monetar...
China has long been the world's second largest economy, with the largest foreign exchange reserves a...
China has long been the world's second largest economy, with the largest foreign exchange reserves a...
China has long been the world's second largest economy, with the largest foreign exchange reserves a...
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of Chin...
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of Chin...
The head of China’s central bank is calling for countries to replace the U.S. dollar as an internati...
In recent years China's phenomenal growth has led to speculation that its currency, the Renminbi, ...
he discussions on alternative reserve currency have been reopened when People’s Bank of China (PBC) ...
China’s foreign exchange reserves accumulation has been boosted dramatically in recent years. Howeve...
The global reserve system has returned to the top of the agenda in debates about international monet...
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of Chin...
In the future, there is no one currency that is likely to replace the dollar as the main reserve cur...
The aim of this thesis is to answer the question of whether the Chinese currency fulfills prerequisi...
China’s foreign exchange reserves accumulation has been boosted dramatically in recent years. Howeve...
On October 1, 2016, the Chinese RMB (yuan) will be included in the SDRs of the International Monetar...
China has long been the world's second largest economy, with the largest foreign exchange reserves a...
China has long been the world's second largest economy, with the largest foreign exchange reserves a...
China has long been the world's second largest economy, with the largest foreign exchange reserves a...
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of Chin...
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of Chin...
The head of China’s central bank is calling for countries to replace the U.S. dollar as an internati...
In recent years China's phenomenal growth has led to speculation that its currency, the Renminbi, ...
he discussions on alternative reserve currency have been reopened when People’s Bank of China (PBC) ...
China’s foreign exchange reserves accumulation has been boosted dramatically in recent years. Howeve...
The global reserve system has returned to the top of the agenda in debates about international monet...
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of Chin...
In the future, there is no one currency that is likely to replace the dollar as the main reserve cur...
The aim of this thesis is to answer the question of whether the Chinese currency fulfills prerequisi...
China’s foreign exchange reserves accumulation has been boosted dramatically in recent years. Howeve...