Prasad, Eswar; Ye, Lei - Institute for the Study of Labor (IZA) - 2012
) "internationalization" of the currency; (ii) currency convertibility; and (iii) reserve currency status. Their sequencing in relation to … attaining full convertibility or meeting other prerequisites for achieving reserve currency status. Ultimately, China will … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …