• Find People
  • Campus Map
  • PiratePort
  • A-Z
    • About
    • Submit
    • Browse
    • Login
    View Item 
    •   ScholarShip Home
    • ECU Main Campus
    • Academic Library Services
    • Joyner Library
    • View Item
    •   ScholarShip Home
    • ECU Main Campus
    • Academic Library Services
    • Joyner Library
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of The ScholarShipCommunities & CollectionsDateAuthorsTitlesSubjectsTypeDate SubmittedThis CollectionDateAuthorsTitlesSubjectsTypeDate Submitted

    My Account

    Login

    Statistics

    View Google Analytics Statistics

    US Dollar verse Chinese Yuan: A Global Currency Cat Fight

    Thumbnail
    View/ Open
    2015 Keats Sparrow Third Place Paper (178.8Kb)

    Show full item record
    Author
    Leone, Mia Andriana
    Abstract
    The U.S dollar is an internationally recognized and well used form of currency. However, just because the US dollar has been this global monetary benchmark does not secure its position as the premier internationally recognized currency indefinitely. In all actuality, the US is in trillions of dollars of debt and that means that its greenbacks are starting to lose value in the domestic and international market. So what exactly does this mean for the world’s economy? While the US has faced economic turmoil in the last forty years, most recently with the Great Recession of 2007, one potential economic juggernaut has started to emerge and could possibly joust US and the dollar from its high horse; China and its Yuan. Furthermore the dethroning of the US dollar by the Yuan is a scenario debated highly in the economic field in regards to its feasibility. However, if other countries agree to adopt the Yuan as the new main international currency then not only would China be launched into an international, macroeconomic spotlight but the US would lose a huge instrument of power globally. Even though it is incredibly unlikely to happen without several worldwide, political changes, a new internationally recognized currency would change every nation’s economy and revitalize the forum of exchange completely, leaving a completely unpredictable economic and political future
    Description
    2015 W. Keats Sparrow Writing Award, Third Place Winner
    URI
    http://hdl.handle.net/10342/5873
    Subject
     Currency; China; United States; American dollar; Chinese yuan; Global market 
    Date
    2015
    Collections
    • Joyner Library

    xmlui.ArtifactBrowser.ItemViewer.elsevier_entitlement

    East Carolina University has created ScholarShip, a digital archive for the scholarly output of the ECU community.

    • About
    • Contact Us
    • Send Feedback