China and the SDR: Financial Liberalization through the Back Door

IF 0.9 Q3 BUSINESS, FINANCE
Barry Eichengreen, Guang Xia
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引用次数: 8

Abstract

We analyze the motives for China’s campaign to secure the addition of its currency, the renminbi, to the basket of currencies comprising the International Monetary Fund’s Special Drawing Rights. Our argument is that the campaign to add the renminbi to the SDR basket was not just a vanity project; it was a strategy used by the advocates of financial liberalization in China to force the pace of reform. It was also a strategy with significant risks.
中国与特别提款权:走后门的金融自由化
我们分析了中国争取将人民币纳入国际货币基金组织(imf)特别提款权(sdr)货币篮子的动机。我们的观点是,将人民币纳入特别提款权货币篮子的运动不仅仅是一个面子工程;这是中国金融自由化倡导者用来加快改革步伐的策略。这也是一个风险很大的策略。
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来源期刊
Quarterly Journal of Finance
Quarterly Journal of Finance BUSINESS, FINANCE-
CiteScore
1.10
自引率
0.00%
发文量
0
期刊介绍: The Quarterly Journal of Finance publishes high-quality papers in all areas of finance, including corporate finance, asset pricing, financial econometrics, international finance, macro-finance, behavioral finance, banking and financial intermediation, capital markets, risk management and insurance, derivatives, quantitative finance, corporate governance and compensation, investments and entrepreneurial finance.
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