Deeper and then Safer: The Two-level Game of the Chinese Renminbi in SDR
學年 104
學期 2
發表日期 2016-06-25
作品名稱 Deeper and then Safer: The Two-level Game of the Chinese Renminbi in SDR
作品名稱（其他語言）
著者 Wei-hsiu Lin
作品所屬單位
出版者
會議名稱 ISA Asia-Pacific Conference 2016
會議地點 City University of Hong Kong
摘要 On November 31, 2015 International Monetary Fund (IMF) has announced that the Chinese renminbi has entered the IMF’s basket of currencies for the special drawing right (SDR), promoting the Chinese renminbi as one of the world’s leading currencies. The criteria of being the IMF’s basket of currencies regard the one’s trade quantum in the whole world and the liberalization of financial system. However, most scholars argue that China does not satisfy the second criterion. If so, why would IMF and the US like to support the renminbi in the SDR? This paper attempts to analyze the interactions among IMF, the US, and China with the two-level game framework. I argue that for the US, the renminbi in the SDR will pull China into international affairs and encourage appreciation, balancing trade deficits between the US and China; for IMF, the renminbi in the SDR can solve the insufficient problem in international currency in the short-run; for China, the renminbi in the SDR can increase financial influences over developing countries and moderate domestic inflation problem. When these conditions are ripe, the renminbi in the SDR is assured.
關鍵字 SDR;Renminbi;Currency Internationalization
語言 en
收錄於
會議性質 國際
校內研討會地點 無
研討會時間 20160625~20160627
通訊作者
國別 HKG
公開徵稿
出版型式
出處 No
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/109531 )