China’s growing global prominence is taking the world by storm and reshaping global finance.
With the recent rise in the renminbi, China's currency since 1949, China’s international influence has expanded and could even rival the euro and the Japanese yen. However, many pitfalls could lie ahead for its economy and currency if China’s leadership abandons important political, social, legal, and institutional reforms.
In a Chats in the Stacks book talk, Eswar Prasad, one of the world's leading experts on international finance, will present his new book Gaining Currency: The Rise of the Renminbi (Oxford University Press; October 11, 2016). His book provides new perspectives on the renminbi’s role in global finance, and he makes a compelling argument that it does not pose a serious challenge to the U.S. dollar's dominance in international finance, even though China is experiencing ever-expanding prosperity. For more information about the book, visit GainingCurrency.com.
Eswar Prasad is Tolani Senior Professor of Trade Policy in the Charles H. Dyson School of Applied Economics and Management, part of the College of Agriculture and Life Sciences (CALS) and the Cornell College of Business (CCB). Prasad holds the New Century Chair in International Economics at the Brookings Institution and is research associate at the National Bureau of Economic Research.
Light refreshments served and books available for purchase.
This event is cosponsored by Mann Library, the Cornell Institute for China Economic Research, and the Emerging Markets Institute.
The book talk series at Mann Library is supported by the Mary A. Morrison Public Education Fund
Mann Library, Stern Seminar Room 160
Sage Hall, 114 East Avenue, Ithaca, NY 14853, United States
Tolani Senior Professor of Trade Policy
Dyson School - Cornell University
Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division.
Co-hosted with: Emerging Markets Institute (OWNER)
Contact the organizers