That would go against the recommendations of the G20. Would the ECB welcome the renminbi being part of the currency basket for the IMF’s Special Drawing Rights? Fundamentally, I am convinced that it will happen anyway in time because China’s global significance continues to grow. But there is no reason to jump the gun at this point.
This may also include capital management techniques insofar as they are internationally consistent, and insofar as they are not a substitute for fundamental reforms;    Further improvements in the financial regulatory framework – these would enable national supervisors and central banks to better monitor and, if necessary, rein in endogenous liquidity creation within the financial sector.