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: monetary policy
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?
Testing Times: Economic Challenges for the Liberal Government
Michael Kang examines Canada’s economic climate and the challenges that it entails for the up and coming Liberal government.
Nominal GDP Level Targeting: A New Approach to Monetary Policy
Should countries take a more aggressive approach to monetary policy to combat future recessions?