Shanghai skyline at night

Grandes expectativas para el renminbi

SHANGHÁI – La reciente decisión del Fondo Monetario Internacional de sumar el renminbi chino a la canasta de monedas que determinan el valor de su activo de reservas, los Derechos Especiales de Giro, ha capturado los titulares en todo el mundo. Pero los DEG en sí mismos no han dominado precisamente las discusiones –mucho menos las transacciones- desde su creación en 1969. ¿La decisión realmente importa entonces?

En verdad, considerando el papel muy limitado de los DEG en la economía global, la medida tendrá pocos efectos concretos en el corto plazo. En el más largo plazo, en cambio, la atención que ha generado la decisión podría impulsar un uso más amplio de los DEG. Más importante aún, al menos por ahora, es el hecho de que la decisión equivale a una aprobación por parte del FMI del progreso que China ha hecho a favor de la internacionalización del renminbi, a la vez que refleja –y reafirma- la creciente influencia económica de China.

Desde que China se sumó a la Organización Mundial de Comercio en 2001, su PIB ha pasado de aproximadamente 20 billones de yuanes chinos (3,1 billones de dólares) a 60 billones de yuanes chinos. En 2009 China se convirtió en el mayor exportador del mundo. Y el año pasado, según el FMI, China superó a Estados Unidos y devino la mayor economía mundial (en términos de paridad de poder adquisitivo). El reconocimiento por parte del directorio del FMI, que representa a los 188 países miembro del Fondo, de que el renminbi cumple con “todos los criterios existentes” para la inclusión en la canasta de los DEG es otro paso adelante en este sendero de progreso.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/bgB3g95/es;
  1. Patrick Kovarik/Getty Images

    The Summit of Climate Hopes

    Presidents, prime ministers, and policymakers gather in Paris today for the One Planet Summit. But with no senior US representative attending, is the 2015 Paris climate agreement still viable?

  2. Trump greets his supporters The Washington Post/Getty Images

    Populist Plutocracy and the Future of America

    • In the first year of his presidency, Donald Trump has consistently sold out the blue-collar, socially conservative whites who brought him to power, while pursuing policies to enrich his fellow plutocrats. 

    • Sooner or later, Trump's core supporters will wake up to this fact, so it is worth asking how far he might go to keep them on his side.
  3. Agents are bidding on at the auction of Leonardo da Vinci's 'Salvator Mundi' Eduardo Munoz Alvarez/Getty Images

    The Man Who Didn’t Save the World

    A Saudi prince has been revealed to be the buyer of Leonardo da Vinci's "Salvator Mundi," for which he spent $450.3 million. Had he given the money to the poor, as the subject of the painting instructed another rich man, he could have restored eyesight to nine million people, or enabled 13 million families to grow 50% more food.

  4.  An inside view of the 'AknRobotics' Anadolu Agency/Getty Images

    Two Myths About Automation

    While many people believe that technological progress and job destruction are accelerating dramatically, there is no evidence of either trend. In reality, total factor productivity, the best summary measure of the pace of technical change, has been stagnating since 2005 in the US and across the advanced-country world.

  5. A student shows a combo pictures of three dictators, Austrian born Hitler, Castro and Stalin with Viktor Orban Attila Kisbenedek/Getty Images

    The Hungarian Government’s Failed Campaign of Lies

    The Hungarian government has released the results of its "national consultation" on what it calls the "Soros Plan" to flood the country with Muslim migrants and refugees. But no such plan exists, only a taxpayer-funded propaganda campaign to help a corrupt administration deflect attention from its failure to fulfill Hungarians’ aspirations.

  6. Project Syndicate

    DEBATE: Should the Eurozone Impose Fiscal Union?

    French President Emmanuel Macron wants European leaders to appoint a eurozone finance minister as a way to ensure the single currency's long-term viability. But would it work, and, more fundamentally, is it necessary?

  7. The Year Ahead 2018

    The world’s leading thinkers and policymakers examine what’s come apart in the past year, and anticipate what will define the year ahead.

    Order now