Liu, MIchael; Moshirian, Fariborz - In: Journal of Financial Perspectives 2 (2014) 3, pp. 21-31
that could contribute to the emergence of the Chinese currency (renminbi/ yuan) as an international currency. To this end … system in the 21st century requires a number of major currencies to act as world reserve currencies. The Chinese currency … usage of the yuan. Finally, it examines the prerequisites of an international currency, and compares China’s structural …