Swaminathan Aiyar and Arvind Subramanian wonder why China is pushing for SDRs to replace the dollar when it could wait a few decades and move to make the renminbi the world’s reserve currency.
Swaminathan Aiyar and Arvind Subramanian wonder why China is pushing for SDRs to replace the dollar when it could wait a few decades and move to make the renminbi the world’s reserve currency.