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The Dual-Center Global Financial System

The Perspective of China's Rise

  • Book
  • © 2018

Overview

Authors:
  1. Tao YUAN

    1. Department of International Economics and Trade, School of Economics, Nankai University, Tianjin, China

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  • Shows the reasons why the systematic change of world economy will begin when China’s GDP become the No.1

  • Analyses how the world economy will change systematically

  • Pictures the effect when the US is not the exclusive center of world economy

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-ix
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  2. The Dollar-Center Global Financial System Is Non-sustainable

    • Tao YUAN
    Pages 1-22

  3. The U.S. Strong Desire to Maintain the Center Currency Status of the U.S. Dollar

    • Tao YUAN
    Pages 23-35

  4. The Unstable U.S. Dollar and Harm of the U.S. Self-centred Economic Policies

    • Tao YUAN
    Pages 37-49

  5. The Policies and Current Situation of RMB Internationalization

    • Tao YUAN
    Pages 51-69

  6. The Factors Affecting the Share of Foreign Reserve Currencies

    • Tao YUAN
    Pages 71-81

  7. The Prospect for RMB Becoming One of the Two Center Currencies of the Dual-Center Global Financial System

    • Tao YUAN
    Pages 83-91

  8. Back Matter

    Pages 93-94
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Keywords

About this book

This book focuses on the systematic change in the global economy accompanying the rise of China. Once China has the same huge and advanced economy as the U.S., the global economy’s current one-center system will have a chance to change: China will represent an alternative center. If it can satisfy essential criteria for the global economy such as a stable foreign exchange system, healthy international trade environment and strong support for economic development etc., China will be able to offer a viable alternative. In this constellation the two centers of the global economy and financial system, the U.S. and China, would ideally cooperate, and the global economy could benefit from having two economic and financial centers.

Authors and Affiliations

  • Department of International Economics and Trade, School of Economics, Nankai University, Tianjin, China

    Tao YUAN

About the author

Tao Yuan is an Associate Professor of international economics at School of Economics, Nankai University, Tianjin, China. His primary research areas include international economics, China’s foreign trade, and WTO.

Bibliographic Information

  • Book Title: The Dual-Center Global Financial System

  • Book Subtitle: The Perspective of China's Rise

  • Authors: Tao YUAN

  • DOI: https://doi.org/10.1007/978-981-10-7993-1

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer Nature Singapore Pte Ltd. 2018

  • Hardcover ISBN: 978-981-10-7991-7Published: 08 February 2018

  • Softcover ISBN: 978-981-13-5688-9Published: 23 December 2018

  • eBook ISBN: 978-981-10-7993-1Published: 29 January 2018

  • Edition Number: 1

  • Number of Pages: IX, 94

  • Number of Illustrations: 30 b/w illustrations

  • Topics: International Economics, Political Economy/Economic Systems, Regional/Spatial Science

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