Macro Musings with David Beckworth cover image

Paul Tucker on *Global Discord: Values and Power in a Fractured World Order*

Macro Musings with David Beckworth

00:00

Is the Chinese Yuan a Great International Reserve Currency?

Ren Mimbi: China would need to fully open its capital account, let those funds flow across borders unimpeded. He says the West can't afford another financial crisis and therefore allowing all the weaknesses in the shadow banking system is a bit crazy. Mimbi: Even without them doing anything else, if that happens, there'll be some volatility in Treasury yields.

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