Eswar Prasad on the History of the Renminbi

The video discusses the history of currency, focusing on China's role in international finance. It highlights China's efforts to promote the RMB as a major international currency despite not having fully open financial markets. The video also addresses China's economic challenges, including debt and market volatility, and examines market perceptions of China's growth and its global economic impact.

In what ways does the text suggest that the international perception of China has changed recently?

What implications does China's economic situation have for the global economy?