Japan’s Nikkei has an interview with Harvard University economics professor Kenneth Rogoff.
It covers not just the development of the yuan but a wider range of topics including twin destabilising forces in US politics.
Its worth a read, very interesting indeed.
On ” the minimum conditions for the Chinese renminbi to be the world currency?”:
- China would certainly have to greatly strengthen their institutions, their trust.
- Maybe they have another way of doing it. I don’t know. Eventually if they become two-thirds of the world, they can do anything.
Link here for much more (may be gated)