NDLI: Sectoral Interests and Global Money: Renminbi, Dollars and the Domestic Foundations of International Currency Policy

Content Provider	Springer Nature Link
Author	Helleiner, Eric Malkin, Anton
Copyright Year	2011
Abstract	In deciding whether to support an international role of their country’s currency, national policymakers are often influenced by lobbying from domestic sectoral groups. While these groups will be consistently more interested in some implications of international currency issuance than others, their specific preferences are likely to be highly context specific. Looking at the cases of the United States and China, we anticipate that domestic sectoral lobbying is unlikely to pressure either the US government to defend the dollar’s international role vigorously or the Chinese government to internationalize the renminbi fully. From this domestic sectoral perspective, the future looks to be characterized by reluctant monetary leaders rather than increasingly aggressive currency competition between the United States and China.
Starting Page	33
Ending Page	55
Page Count	23
File Format	PDF
ISSN	09237992
Journal	Open Economies Review
Volume Number	23
Issue Number	1
e-ISSN	1573708X
Language	English
Publisher	Springer US
Publisher Date	2011-10-22
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Money Currency Dollar Renminbi Sectoral groups Development Economics International Economics
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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Sectoral Interests and Global Money: Renminbi, Dollars and the Domestic Foundations of International Currency Policy