, potential impending changes in the Asian monetary and exchange rate regimes in Asia are discussed. Projecting the growth of the … Chinese economy into the future, the weight of the RMB in the financial markets will increase globally as well as in Asia …

This paper analyzes the consequences of the internationalization of the Chinese renminbi for the global monetary system … moderate the perceived need for insurance, and China would have to loom large in both solutions …

financial flows and to its institutional initiatives, not just in Asia but around the world. The other is that the renminbi will … play a regional role in Asia equivalent to that of the euro in greater Europe. Proponents of this view argue that China has … in developing regional institutions. Asia, they argue on these grounds, will become the natural habitat for the renminbi …

-for-tat responses between just the US and China would likely leave the dollar's role essentially unchanged. If both countries coordinate …

pound sterling, the transition to the dollar, and the ongoing debate about the potential rise of the Chinese renminbi …