Currency internationalization: Lessons and Prospects for the Renminbi - Interim Workshop

This research project examines the extent and pace of renminbi internationalization and how the experiences of other important international currencies can provide guidance and lessons on the likely path and prospects of renminbi internationalization. It studies the implications of a greater role of the renminbi for international trade, investment and financial transactions for the People's Republic of China's (PRC) economy, its neighboring and distant economies, and the global configuration of major reserve currencies, most especially the renminbi's potential challenge to the supremacy of the United States dollar in the international monetary system.

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