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id	eprints-17831
recordtype	eprints
institution	SOAS, University of London
collection	SOAS Research Online
language	English
language_search	English
description	Recent years have seen a heated discussion over Chinese capital account liberalization and internationalization of China’s currency, the renminbi (RMB). Against the backdrop of a weak U.S. economy and China’s growing international economic clout, there has been speculation about the RMB replacing the U.S. dollar as the world’s leading currency. Subramanian (2011: 1), for instance, maintains that “the renminbi could become the premier reserve currency by the end of this decade, or early next decade.” Much of the current discourse recalls past discussions when other currencies, especially the Japanese yen (Burstein 1988; Kwan 1994; Taguchi 1994) and the Euro (Chinn and Frankel 2007), were seen as candidates to “dethrone” the dollar.
author_additional	Armijo, Leslie
author_additionalStr	Armijo, Leslie
format	Book Chapters
author	Volz, Ulrich
author_facet	Volz, Ulrich
authorStr	Volz, Ulrich
author_letter	Volz, Ulrich
title	All Politics is Local: The Renminbi's Prospects as a Future Global Currency
publisher	Palgrave Macmillan
publishDate	2014
url	https://eprints.soas.ac.uk/17831/