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. …

)/∂(foreign reserves), for Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Pakistan, Singapore, South Korea … accumulation of an additional dollar of foreign reserves is falling for most of these countries. Most notably, China's ∂(exports … results is that the current international financial system is no longer sustainable. China, currently weaning itself off of …

), the People’s Republic of China (PRC), and India (collectively, ACI) over the next two decades. By 2030, they could …

Three main features characterize the international financial integration of China and India. First, while only having a … small global share of privately-held external assets and liabilities (with the exception of China’s FDI liabilities), these … “short equity, long debt.” Third, China and India have improved their net external positions over the last decade although …

three years, the renminbi (RMB) has increasingly become a reference currency, which we define as one that exhibits a high …

that could contribute to the emergence of the Chinese currency (renminbi/ yuan) as an international currency. To this end … usage of the yuan. Finally, it examines the prerequisites of an international currency, and compares China’s structural …

, the euro and the Chinese renminbi (RMB). It focuses on what we call China’s" dominance hypothesis", i.e. whether the … renminbi is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the …