Researcher ORCID Identifier
Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
2021 Joshua L Rodriguez
Almost 1,000 years ago, the Song Dynasty introduced the world’s first paper national currency. Today, China is once again leading the world towards the next revolution in payment technology: Central Bank Digital Currencies (CBDC). This thesis explores China’s motivations for developing its CBDC and how the e-CNY fits into China’s recent digital payment revolution, as well as its greater plans for the internationalization of the Renminbi. In analyzing the development of China’s CBDC, I conclude that it does not currently pose a threat to the dominance of the dollar and U.S. hegemony. Among the topics that I discuss are China’s global and political strategies for the internationalization of the Renminbi, the reasons behind China’s digital payment revolution, and the structure of China’s e-CNY, and the potential for U.S. digital dollar.
Rodriguez, Joshua, "The e-CNY: Implications of China's Digital Payment Technology and Central Bank Digital Currency for a Dollar Dominated World" (2021). CMC Senior Theses. 2813.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.