Abstract

RODRIGUEZ GOMEZ, Wilson Fernando. The renminbi (RMB) and its role in China's quest for economic hegemony. Cuad. Econ. [online]. 2021, vol.40, n.82, pp.227-252.  Epub Mar 01, 2021. ISSN 0121-4772.  https://doi.org/10.15446/cuad.econ.v40n82.81270.

Before a unipolar world order, China seeks to reconfigure this order towards a multipolar one. Once important results have been achieved in the economic field, it seems that its next objective is the positioning of the Renminbi. The first achievement was achieved when the IMF authorized the entry of the RMB into a select basket of currencies, which makes it an international reserve currency. However, the RMB is far from being as relevant as the dollar. This article aims to assess the degree of the positioning of the RMB in the international order; what are its causes and what are its consequences.

JEL: F31, F51, N25, O24.

Keywords : Renminbi; China; geopolitics; foreign exchange; reserve currencies.

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