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Posts tagged 'SDR'

China’s Bond Market Can’t Handle a Global RMB
China’s Bond Market Can’t Handle a Global RMB5th December 2016

China’s Bond Market Can’t Handle a Global RMBby Benn Steil and Emma SmithThe Chinese RMB’s ascension into the IMF’s SDR currency basket in October has been widely seen as an important first step on its path to becoming a global reserve currency.  But we would argue that the path is a very long one, and that even rivaling... read more