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

- 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).