Library of Mistakes cover image

Ep 13: Capital Wars - The Rise Of Global Liquidity (with Michael Howell)

Library of Mistakes

CHAPTER

Transacting in RMB

China has had the option to hold it now I think since 2014. They've chosen not to hold it, so we go forward the next couple of years. We see exactly these arrangements taking place for people to transact directly with China and rent them B. But they can't really do that because Chinese financial markets are not large enough or deep enough in some cases. It's a little bit like saying if you measured Oxford Street in kilometers rather than miles, would it be any longer or would it be shorter? It wouldn't matter. You're just changing the units of account.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner