The RMB: A Reserve Currency for the Future?

By Jing Guan, bostonese.com columnist China has been blamed for America’s debt crisis while, at the same time, trying to gradually increase the value of the RMB. However, RMB appreciation alone is not the answer to America’s debt crisis. Many economists, including Noble Prize Laureate Joseph Stiglitz, argue for a new global reserve currency. The… Continue reading The RMB: A Reserve Currency for the Future?