euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the … international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …

the world economy. This matter is settled by arguing that the global imbalances acted as a "handmaiden" to the 2008 … dollar in the foreseeable future. It also explains why the People's Republic of China (PRC) is unlikely to make significant …

long-term evolution of the balance of economic weight in the world economy. Such an evolution may mitigate some flaws of …

changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from … attaining full convertibility or meeting other prerequisites for achieving reserve currency status. Ultimately, China will …

This paper analyzes China's economic performance in the last 25 years and discusses its prospect for growth in the … future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were …

reference to China and India, with their very distinctive public policy approaches. Much of the economics literature either does …