A New Yuan or a New Monetary System

Authors

Keywords
China, Chinese yuan, reserve currencies, international monetary system, foreign-exchange reserves

Summary
The research area of the present study is the Chinese yuan (renminbi). The research subject is the evolution of the Chinese yuan from a national to a global reserve currency. The paper tests the proposition that the rise of the Chinese currency is a sign of deep and qualitative changes in the international monetary system. The aim of the study is to analyse and track the evolution in the current situation in the international monetary system, in order to highlight the factors and the reasons for the rise of the Chinese yuan and to find indications of the direction of the future development of the system as a whole.

JEL: F31, O24
Pages: 23
Price: 2 Points

More titles

  • VAR - Models of Shocks in the Business Cycles of Final Consumption Expenditure of Households

    Abstract: The article has experimented with a methodology for using vector autoregressive models (VAR) to study the impact of shocks in the business climate and economic activity on the business cycles of final con-sumption expenditure of households. It refers to six countries in Central and Eastern Europe (Bulgaria, Czech Republic, Hungary, ...

  • Opportunities to Improve the Portfolio Performance Based on Dividend Strategies and Equity Home Bias

    The article examines the equity home bias puzzle and the "Dogs of the Dow" dividend strategy under conditions of the Bulgarian capital market. It was found out that local investors hold 74.1% of their portfolios in domestic stocks, although ICAPM suggests weight of 0.007%, and the "Dogs of the Dow" strategy generates annual risk-adjusted ...

  • Guidelines for Analysing the Financial Statements of Bulgarian Publicly Traded Insurance Companies

    Financial statements provide information necessary to analyse and assess the financial position of publicly traded companies. Information users include a wide range of entities, such as creditors, suppliers, customers, investors, external control bodies, etc. This paper promotes the thesis that the information disclosed in financial statements ...