Commentary
Michael Pettis
{
"authors": [
"Michael Pettis"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [
"Economic Risk in Asia"
],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"North America",
"United States",
"South America",
"South Asia",
"India",
"East Asia",
"China",
"Russia"
],
"topics": [
"Economy",
"Foreign Policy"
]
}
REQUIRED IMAGE
In The Media
The High Price of Dollar Dominance
The answer to Lula’s question of who designated the U.S. dollar the global reserve currency is ironic: it was surplus countries such as Brazil and China. And despite what their leaders might say, none of them are in a hurry to upend the current system.
Published on Jun 30, 2023
About the Author
Michael Pettis
Nonresident Senior Fellow, Carnegie China
Michael Pettis is a nonresident senior fellow at the Carnegie Endowment for International Peace. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.
- The Plaza Accord and Its Relevance for China
- Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?Commentary
Michael Pettis
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- An American Muslim Exception?Commentary
In an interview, Rozina Ali discusses her new book on the rise and manifestations of Islamophobia in the United States.
Michael Young
- The EU’s Middle-Power PuzzleCommentary
While the EU and European governments are embracing the much-lauded middle-power moment, this entails three difficult conundrums.
Richard Youngs
- California’s Middle Power MomentPaper
The middle power moment will not be defined by sovereign states alone, and California stands out for its potential contributions to international cooperation.
Ian Klaus, Stewart Patrick
- The Scramble for Europe. Russia, China, and Turkey Challenging Regional OrderBook
Europe is facing rising populism internally as well as external pressures from Russia, China, Turkey, and the United States.
Dimitar Bechev
- How the EU’s Single Market Could Unlock EnlargementCommentary
Much has been said of the changes Brussels is trying to make to the EU enlargement process. Here’s why gradual integration might—or might not—be the answer.
Dimitar Bechev
