Dollar-yuan battle in the world trade network

HIGHLIGHTS

  • who: Cu00e9lestin Coquidu00e9 and colleagues from the CNRS, Besanu00e7on, France have published the Article: Dollar-Yuan Battle in the World Trade Network, in the Journal: Entropy 2023, 25, 373. of /2023/
  • how: The analysis based purely on trade relations without taking account of external political factors or other considerations clearly shows that during this decade a USD-to-CNY transition took place which implies that the structure of the WTN would now favor trades in CNY rather than in USD.

SUMMARY

    Till now, the USD remained the dominant world trade currency . . .

     

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