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論文名稱Deeper and then Safer: The Two-level Game of the Chinese Renminbi in SDR
學年度104
學期2
會議開始時間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）
全部作者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
使用語言英文
等級,其他
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
國別香港
公開徵稿
出版型式
出處No
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