China’s Monetary Power: A Case Study of the Chinese Method of Currency Internationalization
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Uniwersytet Warszawski
Publication date: 2020-06-23
Stosunki Międzynarodowe – International Relations 2017;53(1):35–52
The article aims to analyse the monetary power of the PRC in terms of influence and autonomy in international relations. The object of the analysis is the in ternationalization of the yuan. The article attempts to answer the following questions: do the Chinese authorities keep a consistent policy of liberalization in order to increase the internationalization of the RMB? And if so, did they abandon their policy in the years 2015–2016? The author also analyses how the Chinese authorities are trying to reconcile the internationalization of the currency with maintaining control over capital account, the financial markets and the exchange rate, which is defined in the article as ‘the Chinese method of currency internationalization’.