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Financial Repression and the Debt Build-up in China: Is There a Way Out?
China’s old recipe book for economic success, based on market distorting policies, is hindering the process toward a market-driven economy and the...
Turning China’s Money Reserves into Capital
Some economies in East Asia have built up large amounts of foreign exchange reserves in the past decades. Holding large amounts of reserves helped...
The Internationalization of the Renminbi and the Rise of a Multipolar Currency System
The dollar’s steady depreciation has had little impact on the official reserves of central banks. As scholars of the international monetary system...