ML-QuantSubscribe

RePEcMacro-Finance & Rates

Financial Interdependence and Currency Internationalization

A model shows that as China's financial markets deepen, network effects allow the renminbi to compete with the dollar, triggering a discrete shift from cooperation to fragmentation.

Featured in No. 135 on 16 Oct 2026 · 11 days after release

Two curves showing dollar and yuan issuance equilibria across financial market depth parameters.
Figure 4: Multiple Equilibria with Three Countries
Released
5 Oct 2026
First featured
No. 135 · 16 Oct 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
3 of 5
Identifier
RePEc:nbr:nberwo:35541
Authors
Zhengyang Jiang

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

    Type to search. Try rough volatility, LLM agents or FinGPT.

    ↑↓ move↵ openesc closeFull search page