In comparison to past instances of currency transition, will the Renminbi replace the Dollar as reserve currency of the international financial system?

• Main Author: Heney, Tristen
• Other Authors: S. Rajaratnam School of International Studies
• Format: Theses and Dissertations
• Language: English
• Published: 2015
• Subjects: DRNTU::Business::International business::Asia
• Online Access: http://hdl.handle.net/10356/65021
• Institution: Nanyang Technological University

In recent years China's phenomenal growth has led to speculation that its currency, the Renminbi, will overtake the Dollar as reserve currency of the international financial system. This paper will argue that China has many weaknesses that will prevent the Renminbi gaining an internationa...