The world economy needs an alternative reserve currency, and Chinese renminbi stands a good chance of stepping up to fill the role, but it is still unclear when the currency will become sufficiently internationalised, according to a keynote speaker at the FX Week Asia conference in Singapore this morning.
“We really need a new reserve currency to stabilise the world economy. Will renminbi become a credible international currency? There has been talk of that, but in my opinion, it is still years
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Credit risk quants are hitting the tech gap
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?
- Quant Finance Master’s Guide 2019