2017 Fiscal Year Annual Research Report
A comparative study of the foreign uses of the Chinese renminbi as an international currency(Fostering Joint International Research)
| Project/Area Number |
16KK0076
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| Research Institution | National Graduate Institute for Policy Studies |
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Principal Investigator |
CHEY Hyoung・kyu 政策研究大学院大学, 政策研究科, 准教授 (20626999)
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| Project Period (FY) |
2016 – 2017
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| Keywords | international currency / internationalization / renminbi / currency statecraft / Japan / the United States / the United Kingdom |
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| Outline of Annual Research Achievements |
This research project has produced four papers. One addresses Japan’s reaction to the international rise of the Chinese renminbi. It has been accepted for publication by New Political Economy, a top journal in international political economy. A second paper analyzes the response of the United States to the internationalization of the renminbi. It has been presented in the international conference on Political Economy of Asia’s Monetary and Financial Landscape. A third paper compares the reactions of the US and Japan to renminbi internationalization, and has been invited to the international workshop on Monetary Conflict and Disorder in the New Age of Uncertainty, which will be held at Cornell University in May 2018. The final one conducts cross-country analysis of the impact of policy infrastructures on the use of the renminbi, and is currently under review by a major journal in international economics. In addition, my joint-researcher and I organized together the conference Political Economy of Asia’s Monetary and Financial Landscape at my counterpart research institution by inviting prominent US scholars in the subject area, to strengthen my research networks with the US academic community. The conference participants, including my joint-researcher and myself, are currently working together to publish their presented (or new) papers as a special issue in a prominent international relations journal. Moreover, I have almost finalized my research on the reaction of the United Kingdom to renminbi internationalization.
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