Yuan Versus United States Dollar: the Defective Bipolar China–United States Relationship

Yuan Versus United States Dollar: the Defective Bipolar China–United States Relationship

globalisation

power

financial markets

currency regimes

The chosen currency regime places a state within the international economic order. Therefore, the exchange rate is a key to creating an internal financial system and opening it up to foreign participants. In this paper we would like to show the differences between China and the USA and examine their impact on potential changes on the distribution of power in the international system. We will also try to prove that this field is a missing link in preventing the final launching of a symmetrical bipolar system which will finally force China to accept the rules of a Washington Consen­sus instead of following its own patterns. The case study method will be used in order to compare market data and assess the role of currencies for the given model.

Smagorowicz-Chojnowska, Małgorzata

International Studies. Interdisciplinary Political and Cultural Journal; Vol. 22 No. 1 (2018): U.S.-China Relations Towards Bipolarity?; 119-136

International Studies. Interdisciplinary Political and Cultural Journal; Tom 22 Nr 1 (2018): International Studies. Interdisciplinary Political and Cultural Journal; 119-136

2300-8695

1641-4233

Lodz University Press

2018-11-09

Copyright (c) 2018 International Studies. Interdisciplinary Political and Cultural Journal

https://creativecommons.org/licenses/by-nc-nd/4.0

application/pdf

eng

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info:eu-repo/semantics/publishedVersion