Abstract
Joseph Stiglitz observed during a recent public lecture in Hong Kong that the world is badly in need of a new reserve asset. This chapter follows up this idea and argues that China is in a unique position to contribute to the world by coming up with a new exchange rate arrangement involving just such a new reserve asset.
| Original language | English |
|---|---|
| Title of host publication | China, Hong Kong and the world economy: Studies on globalization |
| Publisher | Palgrave Macmillan |
| Pages | 101-118 |
| Number of pages | 18 |
| ISBN (Print) | 9781403987426 |
| Publication status | Published - 1 Jan 2006 |