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.