Why did China build its Cross-Border Interbank Payment System and what does it mean for the dollar?

Nicolas Véron (Peterson Institute for International Economics) discusses China's Cross-Border Interbank Payment System (CIPS) with Felix Chang (Ohio State University) and Emily Jin (Center for a New American Security) in this episode of the PIIE event series Financial Statements on November 23,2022. For more information, visit: https://www.piie.com/events/why-did-c...

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