Please join the Economics department for Professor Sinclair's talk on Thursday, September 26, from 5-6pm in Choi Auditorium.
For years, China has been developing an alternative to the US-led international order. The success of this effort hinges on China’s ability to convince its allies to abandon the US dollar as the global standard for trade and investment in favor of its currency, the renminbi (RMB). Due to China’s unique political economy, the core challenge for China lies in providing global investors access to a deep and liquid RMB capital market while maintaining domestic capital controls. Andrew Sinclair will discuss China’s rationale behind renminbi internationalization, the progress made thus far, and the economic challenges that lie ahead, including recent policy experiments in Hong Kong, China’s international financial gateway.
