Will the Renminbi Become a World Currency? | Benjamin J. Cohen

In last week's episode, we discussed China's ambition to replace the dollar as the world's global currency. In this episode, Benjamin J. Cohen of UCSB takes the conversation a step further as we discuss how the US became the dominant international currency, why China would need to implement democractic reforms to take its place, and why this is unlikely to happen.

Benjamin's book, "Currency Statecraft: Monetary Rivalry and Geopolitical Ambition" lays the groundwork for our conversation.

You can purchase it direct from the publisher here: https://press.uchicago.edu/ucp/books/book/chicago/C/bo29141097.html