Renminbi as an International Currency
Barry Eichengreen
January 2010
1. Introduction
In this paper I ask how long it will take for the Chinese renminbi to attain international
currency status ... play consequential international roles at a point in time. The
I Drawn from Eichengreen (2011).
I am aware that this is contrary to the textbook wisdom, according to which sterling ... that textbook wisdom is not evidence based. For evidence I refer the reader to Eichengreen
and Flandreau (2009, 2010).
1
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dollar's rise between