INTERNATIONALISATION OF YUAN CHINESE ASSETS ABROAD
The article outlines potential scenarios and strategies of yuan internationalisation. The article objectively estimates the prospects of the yuan internationalisation in short term, mid-term and long term. Here the author compares and contrasts the views of Chinese and American economists as to the real value of the yuan. The author also assesses to what extent the yuan underestimation prevents its internationalisation. Moreover, costs and benefits of the yuan internationalisation are considered as well as their impact on the country's economy. Hypothesis is then expressed in relation to the yuan inclusion into the SDR currency basket. Finally, the article concludes with analysing the specifics of Chinese government's foreign exchange rate policy in the pre-and post-crisis period.