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Acceleration of Internationalization of China Dollar

In: To Establish a Supra-sovereign International Currency

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  • Chong Li

    (Beijing Normal University)

Abstract

From the perspective of establishing a supra-sovereign international currency and reforming the current international monetary system, it is of great significance to advance the internationalization of China dollar. Firstly, Since US has derived enormous benefits from having the US dollar as a major currency in international reserves, it has little incentive to advance reforms in the current international monetary system before new crises break out, but rather, it may even hinder reforms.

Suggested Citation

  • Chong Li, 2022. "Acceleration of Internationalization of China Dollar," Springer Books, in: To Establish a Supra-sovereign International Currency, chapter 0, pages 195-229, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-4337-8_8
    DOI: 10.1007/978-981-16-4337-8_8
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