CGD in the News

The Yuan (The Economist)

September 23, 2011

Senior Fellow Arvind Subramanian was featured in an oxford style debate in The Economist about the yuan.

From the debate

Arvind Subramanian

Senior fellow, Peterson Institute for International Economics and Center for Global Development

The yuan will be the world's main reserve currency because the fundamentals are moving strongly in China's favour. The historical experience of the sterling-dollar transition suggests that once a country becomes economically dominant in this broad sense, currency ascendancy follows within about ten years.

Read it here.