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 …

China and the international monetary system need each other. The international monetary system is strained, with crisis … just around the corner, yet reform is not on anyone's agenda. Meanwhile China, deeply invested in the current system, faces … international monetary system and China-IMF-style Special Drawing Rights (SDRs). If in a unilateral initiative China were to make …

The rise of the renminbi (RMB) as a key currency in international financial markets has been fast. It reflects China … given China's increasing weight in the world economy, this paper will argue that such an event is not likely to take place …

measures taken by China to internationalize its renminbi, including several bilateral swap agreements signed with other central … banks, have reinforced other eastward trends in the world economy. In this paper, China's acceleration of renminbi …

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 …