Publication

This paper examines how the internationalization of China's currency, the renminbi (RMB), is unfolding as well as how this process will affect the global financial system. The authors argue that in many ways, the internationalization of the RMB could be advantageous for the global economy and international relations. However, they conclude, to achieve these outcomes, stronger transatlantic and transpacific vigilance and coordination is required, along with deeper public and private sector cooperation.