Larry Brainard

Managing Director, Chief Economist
+44 20 7246 7883

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Recent Emerging Markets research

* The GRID, Jon Harrison, Larry Brainard, 15 Aug 2017
* EM Watch, Jon Harrison, Bo Zhuang, Grace Fan, Shumita Sharma Deveshwar, Christopher Granville, Cristobal Arias, Marcus Chenevix, Jules Bordat, 14 Aug 2017
* EM Watch, Bo Zhuang, Grace Fan, Shumita Sharma Deveshwar, Christopher Granville, Cristobal Arias, Jules Bordat, Jon Harrison, Marcus Chenevix, 7 Aug 2017
* EM Strategy Monthly, Larry Brainard, Jon Harrison, Cristobal Arias, Marcus Chenevix, Jules Bordat, 1 Aug 2017
* EM Watch, Jon Harrison, Michelle Lam, Elizabeth Johnson, Shumita Sharma Deveshwar, Christopher Granville, Cristobal Arias, Marcus Chenevix, Jules Bordat, 31 Jul 2017

See all our Emerging Markets research >>

Renminbi on track to join the SDR: Implications for monetary policy and financial reform

Overview

Inclusion of the renminbi (RMB) in the IMF’s Special Drawing Rights (SDR) unit of account should be viewed as a welcome recognition of past achievements of the Chinese economy, but it tells us little about the future evolution of the RMB. In itself, this move does not portend major changes: the functioning of both the international monetary system and China’s domestic monetary policy and associated reforms will continue to depend on other factors. What it does do, though, is create...

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