The “rise of China” on the international stage is virtually an undisputed fact. Some even speak of China ‘eclipsing’ the United States as the preeminent world power. One element of this would likely involve the replacement of the U.S. dollar by the Renminbi as the international currency. But how likely is this scenario to play out? Lily Jia subjects this hypothesis to analytical rigour.
Tag: central bank
The Impact of the Interest Rate Cut by the US Central Bank on Canada’s Economy
The US Central Bank has cut down its interest rate three times this year. What is the Bank of Canada’s next decision and it’s impact on Canada’s economy?
Behind the Fall of the Nigerian Naira
In 2016, Nigeria experienced its first economic downturn in the last 20 years. Problems with oil production and bad loans in Nigerian banks may be leading to a currency crisis.