President Xi wants to Renminbi to be the global reserve currency. Explain the characteeristics of the reserve currencies and why some countries may be reluctant to make the yuan the currency of choice. What accommodations would china need to make to help its case and how does it relate to the trilemma

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To understand why some countries may be reluctant to make the Renminbi RMB the global reserve currency lets first discuss the characteristics of reserve currencies and then explore the potential chall... View the full answer