Larry Brainard

Managing Director, Chief Economist
+44 20 7246 7883

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Recent Emerging Markets research

* EM Watch, Jon Harrison, Michelle Lam, Shumita Sharma Deveshwar, Christopher Granville, Madina Khrustaleva, Cristobal Arias, 4 Dec 2017
* EM Strategy Monthly, Larry Brainard, Jon Harrison, Cristobal Arias, Marcus Chenevix, Leighton Hughes, 1 Dec 2017
* EM Watch, Jon Harrison, Michelle Lam, Shumita Sharma Deveshwar, Christopher Granville, Madina Khrustaleva, Marcus Chenevix, Cristobal Arias, 27 Nov 2017
* EM Watch, Jon Harrison, Michelle Lam, Grace Fan, Shumita Sharma Deveshwar, Christopher Granville, Madina Khrustaleva, Marcus Chenevix, Cristobal Arias, 20 Nov 2017
* The GRID, Bo Zhuang, Christopher Granville, Cristobal Arias, Elizabeth Johnson, Grace Fan, Jon Harrison, Jonathan Fenby, Larry Brainard, Madina Khrustaleva, Marcus Chenevix, Michelle Lam, Shumita Sharma Deveshwar, 14 Nov 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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