Gateway to Think Tanks
来源类型 | Papers |
规范类型 | 论文 |
来源ID | CIGI Paper No. 84 |
Much Ado about Nothing? The RMB's Inclusion in the SDR Basket | |
Hongying Wang | |
发表日期 | 2015-12-04 |
出版年 | 2015 |
语种 | 英语 |
摘要 | The International Monetary Fund recently concluded its quinquennial review of the composition of the Special Drawing Right (SDR), accepting the Chinese currency into the SDR basket alongside four major international currencies — the US dollar, the euro, the British pound and the Japanese yen. The Chinese government has spent a great deal of energy and political capital to achieve this outcome. This policy paper explains China’s interest in this seemingly exotic and technical pursuit, identifying the political and economic motivations underlying this initiative. It discusses the controversial reactions to China’s bid for the SDR basket from the international community and from various groups within China. It also explores some plausible and implausible consequences of the renminbi’s (RMB’s) inclusion in the SDR basket. It argues that the inclusion of the Chinese currency in the SDR basket may well play a facilitating role in China’s financial liberalization, but it does not in itself transform the RMB into a global reserve currency. The latter will involve a more protracted process, requiring serious institutional reforms in China. |
主题 | Trade & Finance |
子主题 | Central Banking & International Finance ; China's Role in the Global Economy |
URL | https://www.cigionline.org/publications/much-ado-about-nothing-rmbs-inclusion-sdr-basket |
来源智库 | Centre for International Governance Innovation (Canada) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/180535 |
推荐引用方式 GB/T 7714 | Hongying Wang. Much Ado about Nothing? The RMB's Inclusion in the SDR Basket. 2015. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
cigi_paper_84web.pdf(325KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Hongying Wang]的文章 |
百度学术 |
百度学术中相似的文章 |
[Hongying Wang]的文章 |
必应学术 |
必应学术中相似的文章 |
[Hongying Wang]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。