China watchers have decried the emergence of the Cross-Border Interbank Payment System (“CIPS”) as a turning point in … the move to dethrone the U.S. dollar. This Article situates CIPS, which clears and settles Chinese renminbi transactions … monopoly over the renminbi. Although the global currency trading market exhibits competition, monetary sovereignty complicates …

euro and the Chinese renminbi (RMB). It focuses on what we call China's "dominance hypothesis", i.e. whether the renminbi … affected by those in the rest of Asia. - International monetary system ; exchange rates ; tri-polarity ; China ; renminbi ; US … global financial crisis. These results are consistent with China's dominance hypothesis and with the view that the …

the United States, Europe, and China? Popular opinion holds that the days of the dollar, long the world's dominant …