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Renminbi jako waluta miedzynarodowa - stan obecny oraz ocena perspektyw / Renminbi as international currency - current state and potential perspectives

Author

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  • Tomasz Serwach

    (University of Lodz)

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.

Suggested Citation

  • Tomasz Serwach, 2013. "Renminbi jako waluta miedzynarodowa - stan obecny oraz ocena perspektyw / Renminbi as international currency - current state and potential perspectives," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 4, pages 39-53, December.
    • Handle: RePEc:ann:inecon:y:2013:i:4:p:39-53
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    References listed on IDEAS

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    More about this item

    Keywords

    renminbi; global monetary system; international currency;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F30 - International Economics - - International Finance - - - General

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