<?xml version="1.0" encoding="UTF-8"?>
<!DOCTYPE article PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Publishing DTD v1.2d1 20170631//EN" "JATS-journalpublishing1.dtd">
<ArticleSet>
  <Article>
    <Journal>
      <PublisherName>aimsjournal</PublisherName>
      <JournalTitle>Allana Management Journal of Research, Pune</JournalTitle>
      <PISSN>? ?2581-3137 (</PISSN>
      <EISSN>) 2231 - 0290 (Print)</EISSN>
      <Volume-Issue>Volume 1, Issue 1</Volume-Issue>
      <PartNumber/>
      <IssueTopic>Multidisciplinary</IssueTopic>
      <IssueLanguage>English</IssueLanguage>
      <Season>January 2011 - June, 2011</Season>
      <SpecialIssue>N</SpecialIssue>
      <SupplementaryIssue>N</SupplementaryIssue>
      <IssueOA>Y</IssueOA>
      <PubDate>
        <Year>-0001</Year>
        <Month>11</Month>
        <Day>30</Day>
      </PubDate>
      <ArticleType>Human Resource Management</ArticleType>
      <ArticleTitle>WILL CHINESE YUAN BECOME THE NEXT RESERVE CURRENCY?</ArticleTitle>
      <SubTitle/>
      <ArticleLanguage>English</ArticleLanguage>
      <ArticleOA>Y</ArticleOA>
      <FirstPage>84</FirstPage>
      <LastPage>91</LastPage>
      <AuthorList>
        <Author>
          <FirstName>PURNENDU</FirstName>
          <LastName>MAITY</LastName>
          <AuthorLanguage>English</AuthorLanguage>
          <Affiliation/>
          <CorrespondingAuthor>N</CorrespondingAuthor>
          <ORCID/>
          <FirstName>ANALYST</FirstName>
          <AuthorLanguage>English</AuthorLanguage>
          <Affiliation/>
          <CorrespondingAuthor>Y</CorrespondingAuthor>
          <ORCID/>
        </Author>
      </AuthorList>
      <DOI/>
      <Abstract>Sub-prime crisis, European debt crisis, Fed__ampersandsign#39;s QE2 policy… consequently many observers conjecture is once again rife that we are reaching the end of the era of dollar dependency. Evidently next question is where&#13;
will be the safe heaven? Who will give the hope against all odds ? Given the sheer size of economy and&#13;
fierce growth rate spotlight is now on Chinese Yuan. In another two decade years China is set to replace the US as&#13;
the world__ampersandsign#39;s largest economy. It is already the world__ampersandsign#39;s largest exporter and will soon also be the largest trading&#13;
nation. Contrary to the US, the world__ampersandsign#39;s largest debtor, China is also a large net external creditor, only trailing&#13;
Japan. A close parallelism from history in hand is that as once economically and financially ascendant Dollar has&#13;
replaced British Sterling troubled by the bequest of two world wars; would this time Redback will replace the&#13;
Greenback in similar way ? China is taking many incremental steps like more trade settlements in Yuan, Currency&#13;
Swap, and diversification of its reserves to internationalize its currency. Along the way there are challenges of&#13;
growth with right monetary policy maneuver, exchange rate stability, financial market and legal reforms which&#13;
requires considerable time in coming years. While Pound, Yen are not so strong currency given their economic and&#13;
financial size and structure but Euro is still in the race. Also technically speaking IMF SDR might be another viable&#13;
alternative. As world is becoming more multi-polar there is less conclusive possibility of actually Yuan becoming&#13;
single monopoly reserve currency like Dollar. After next 15-20 years more probable scenario is that it will become&#13;
an internationalized currency and pose as a strong contender along with Dollar and Euro for reserve currency&#13;
option.</Abstract>
      <AbstractLanguage>English</AbstractLanguage>
      <Keywords/>
      <URLs>
        <Abstract>https://www.aimsjournal.org/ubijournal-v1copy/journals/abstract.php?article_id=3379&amp;title=WILL CHINESE YUAN BECOME THE NEXT RESERVE CURRENCY?</Abstract>
      </URLs>
      <References>
        <ReferencesarticleTitle>References</ReferencesarticleTitle>
        <ReferencesfirstPage>16</ReferencesfirstPage>
        <ReferenceslastPage>19</ReferenceslastPage>
        <References/>
      </References>
    </Journal>
  </Article>
</ArticleSet>