Previous studies have focused on when the renminbi will play a significant role as an international currency, but less … attention has been paid to where. We fill this gap by contrasting two answers to the question. One is that the renminbi will … assume the role of a global currency similar to the U.S. dollar. Supporters point to China's widely diversified trade and …

China in the coming years. China had been a prime example of exported growth, benefiting from learning by doing, and by …, and the Global Financial Crisis forced China toward rebalancing, which is a work in progress. Reflecting on the …

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 …

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

market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank's desire to hold a sizable …

portfolios concentrated in sectors exposed to competition from China face an increase in non-performing loans after China's entry … financial channel amplifies the shock to firms already hit by import competition from China and passes it on to firms in sectors …

volatility of exchange rates at the core of the system. It concludes with issues surrounding the rise of China …

fiscal policies, including dollar swap lines …