Renminbi as international currency – current state and potential perspectives Cover Image

Renminbi jako waluta międzynarodowa – stan obecny oraz ocena perspektyw
Renminbi as international currency – current state and potential perspectives

Author(s): Tomasz Serwach
Subject(s): Economy
Published by: Uniwersytet Łódzki - Wydział Ekonomiczno-Socjologiczny
Keywords: renminbi; global monetary system; international currency

Summary/Abstract: The domination of USD in the contemporary monetary system exposes global economy, and national economies as well, to the risk of external imbalances, asset bubbles or sudden changes in valuation of foreign exchange reserves. In these circumstances one of the most frequently discussed topics is the possibility of achieving by the renminbi (CNY) the status of international currency, which would allow it to substitute USD in global finance. The article presents the importance of CNY in international monetary system and highlights factors which may affect the road of CNY to the mentioned status.

  • Issue Year: 2013
  • Issue No: 04
  • Page Range: 39-53
  • Page Count: 15
  • Language: Polish