instead on the potential role of the Chinese renminbi. It becomes increasingly clear that China will assume the role of the …Most proposals for Asian monetary cooperation assign a special role to the Japanese yen as an anchor currency. We focus … Asian currencies. It is rather unlikely that the renminbi will assume a dominant role immediately but by drawing comparisons …

The status of the renminbi (RMB), China's currency, is not commensurate with the country's global economic prowess as …'s Republic of China initiated efforts to promote the international use of the RMB. This paper reviews the historical experience … formal monetary arrangement such as the euro, the RMB may achieve its status as a regional settlement currency within Asia …