RMB Failure as an International Currency

Why the RMB has failed to become an international reserve currency?

It is an international political economy essay.

The paper must address a single research question, present an argument, frame it in the relevant literature and include some empirical evidence to support it. The selection of a research question is the most important step and should be done in consultation with the Instructor. Ideally, a “puzzle” or a surprising outcome makes a good research question, but this is not necessary. The paper must ask a “why?” question. Selecting the dependent variable (the object of explanation) at the start of the process is a key for success.