May 22, 2023· 46 min

What Needs to Happen for the Renminbi to Seriously Compete With the Dollar

Karthik Sankaran

Orality

Model

86%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostTracy Alloway(1,877 words)

M:29%

HostJoe Weisenthal(1,320 words)

M:29%

GuestKarthik Sankaran(4,759 words)

M:29%

Oral Indicators

Agonistic35%

totally, very, basically

Engagement69%

you, our, your

Memory Aids100%

listen, now, like

Repetition100%

like (126x), know (106x), that's (67x)

Parallelism90%

And I'm Tracy Allowayef...., But I will say we had that con..., But I feel like there's more t...

Sound Patterns80%

70 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases2%

i mean

Literate Indicators

Hedging10%

might, could, possibly

Passive Voice6%

was used, being fulfilled, been introduced

Abstract Nouns20%

investment, conversation, position

Subordination8%

until, though, because

Sentence Length40%

Avg: 15.0 words/sentence

Word Complexity47%

investment, analyze, anticipate

Academic Markers3%

according to

Impersonal Style31%

605 personal pronouns found

Descriptive Style88%

really, specifically, totally

Description

There's a lot of discussion these days about de-dollarization and whether the US dollar will lose its standing as the world's sole reserve currency. Generally, people seem open to the idea, but they also don't see many good alternatives out there. The renminbi is the obvious candidate to take share away from the dollar, given the size of the Chinese economy and China's role in global trade. But for various reasons, the currency isn't suited to be a global reserve currency. So what would it actually take to become one? And what would be the effects if it started to play a major role in global trade? On this episode of the podcast, we speak with Karthik Sankaran, a longtime FX veteran, about what China would have to do if it really has global aspirations for its currency, and why a more multipolar FX landscape might be good for world financial stability. See omnystudio.com/listener for privacy information.

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