Commentary / World Jul 24, 2018
by Paola Subacchi
Many are wondering if China will respond to Trump's trade war by threatening a currency war. If it does, the world should call its bluff.
Commentary / World Sep 15, 2015
The folly of China's forex policy
by Barry Eichengreen
China should start developing stable and liquid financial markets that are not subject to official manipulation. Only then will the international community embrace the renminbi as a proper international and reserve currency.
Commentary / World Jun 4, 2015
China's pursuit of a new world economic order
by Zhang Jun
Whether the renminbi is added to the SDR basket this October, a gradual transformation of the global system to accommodate China seems all but inevitable.
Commentary Oct 28, 2014
Time to end American financial repression
by Andrew Sheng and Xiao Geng
A generation of development economists owe Ronald McKinnon, who died earlier this month, a huge intellectual debt for his insight that governments like the U.S. that engage in free-market rhetoric to channel funds toward themselves hamper financial development.
Commentary / World May 16, 2014
Why the dollar will remain the top currency
by Eswar Prasad
China is missing one crucial ingredient as it builds the renminbi's claim to reserve-currency status: the world's trust with regard to a broader and more credible set of public and political institutions.