The renminbi bloc is here: Asia down, the rest of the world to go?

Arvind Subramanian, Martin Kessler, 27 October 2012



The staggering economic rise of China in the last three decades leads to the question of the potential internationalisation of its currency, the renminbi (RMB). Internationalisation has different dimensions. An international currency is widely used in financial and trade transactions, and crucially it is used as a store of value.

Topics: Global economy, International trade
Tags: China, global currency, renminbi

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