Chinese foreign policy

Podcast

published: 23.01.2024

China’s third attempt to internationalise its currency

In this Bruegel podcast, Yuyun Zhan invites Alessia Amighini and Alicia García-Herrero to discuss China’s latest push to internationalise its currency, the Renminbi. They talk about China’s previous two attempts, its approach to internationalise the RMB this time around and the wider implications of a strengthened RMB. This might prompt other countries to try and strengthen their own currencies, which could lead to a more fragmented financial system. Our experts discuss how the euro, compared to the dollar, might be more affected by this.

 

About the speakers

Yuyun Zhan

author

Alessia A. Amighini

Co-Head of Asia Centre, Senior Associate Research Fellow at ISPI, Associate Professor at the University of Piemonte Orientale

Economist, specializing on China’s international economic relations

Alicia Garcia Herrero

Chief Economist for Asia Pacific at Natixis, Senior Fellow at Bruegel, Non-resident Senior Follow at the East Asian Institute, Adjunct Professor at the Hong Kong University of Science and Technology

Economist specialized in monetary and financial issues in emerging markets, banking crises and resolution strategies, financial development