Senior fellow Arvind Subramanian was mentioned in a Fiscal Times article on the future strength of the Chinese yuan.
From the article
Will your children—or maybe even you—someday find it perfectly natural to put the household savings into the Chinese yuan because it is the world’s safest, steadiest currency? That thought would have been unimaginable even a few months ago. Now we have financial centers around the world—Hong Kong, Singapore, Shanghai, London—competing to become centers of a new trade in offshore yuan.
Not to rub it in, but the idea floated last week that China might ride to Europe’s rescue as it struggles to find a way out of its financial crisis makes the prospect of the yuan as a reserve currency all the more realistic. And what about America and the dollar? The same week Chinese Premier Wen Jiabao offered to help the Europeans, U.S. Treasury Secretary Tim Geithner was practically booed off the podium when he dispensed advice to European finance ministers at a conference in Poland.
It’s a long way from the Asian financial crisis of the late-1990s.. Those with good memories will recall how triumphalist Americans, fresh from their Cold War victory, dispensed advice to every nation from South Korea to Indonesia. There was only one way to do things: Open markets, cut regulation to the bone, adopt austerity measures of a sometimes merciless severity, and privatize every bank and business a government may have had a hand in. The dollar, needless to say, was king back then.