Dollar and renminbi can coexist as global currencies, Eichengreen says
Study analyses two views of international currency status
The US dollar and the Chinese renminbi are "likely to share the international currency role" in the near future, according to a working paper published by the Bank of Korea.
In International Currencies Past, Present and Future: Two Views from Economic History, Barry Eichengreen, a professor at the University of California, Berkeley, analyses two views of international currency status – an ‘old view' in which "network increasing returns are sufficiently strong that one currency dominates
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