1. Renminbi Internationalization index -- 2. Current situation of the internationalization of the renminbi -- 3. Public opinions and observations -- 4. Currency internationalization and offshore market : historical implications -- 5. Current situation and the future of the offshore RMB market --...

Two economists designed the main features of the charter of the IMF during World War II: John Maynard Keynes and Harry Dexter White. Several of those features are attributable primarily to White, including the adoption of fixed but adjustable exchange rates, the funding of operations with...

This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian...

The Annual Report to the Board of Governors reviews the IMF's activities, policies, and liquidity position during the financial year (May 1, 1997 through April 30, 1998), as well as developments in the world economy, including balance of payments problems of its member countries, exchange rates,...

The Legal Department and the Institute of the IMF held their ninth biennial seminar for legal advisors of IMF member countries’ central banks, and the papers published in this volume are based on presentations made by officials attending this seminar. The seminar covered a broad range of...

"Dollar hegemony is a defining structural feature of the modern international financial order, and it confers significant economic and political privileges on the US. This book explores the political economic foundations of and prospects for dollar hegemony"--