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- W2369851843 abstract "This paper argues that there is a new demand for system with the improvement of the national economic value,and the key reason for the imbalance of the international monetary system is the national economic value. As public goods,due to hitchhike and externalities,the international monetary system supplied by collective action has a lagging effect. The system is in the predicament of collective action,the institutional change dominated by a single country(China) or cooperative group of countries(EU or Asian currency area) is an effective marginal reform,it will make the unstable dollar-dominated international monetary system change to the stable multi-currency dominated system. Since the national economic value is rising,the internationalization of RMB is necessary for the stability of the international monetary system. So China should make the RMB become the anchorcurrency of Asia Monetary Union." @default.
- W2369851843 created "2016-06-24" @default.
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- W2369851843 date "2015-01-01" @default.
- W2369851843 modified "2023-09-26" @default.
- W2369851843 title "A Study on Institutional Change,International Monetary Reform and China's Choice" @default.
- W2369851843 hasPublicationYear "2015" @default.
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