Will The Chinese RMB become the new reserve currency?

Speakers: Alan Wheatley, Prof. Yu Yongding Recorded on 21 March 2014 in LSE Campus. Part of the "Towards a sustainable financial system conference". Have we done enough to avoid a new severe financial crisis? There are fundamental issues surrounding money creation, increased private debts and underestimated endogenous risks. Can the financial system operate in a way that better supports the real economy and encourages sustained growth? Are we missing essential institutions in Europe and globally? This conference aims at creating dialogue between practitioners and academics on these issues, and raising awareness of the remaining problems.