Ito, Hiro; Chinn, Menzie - East Asian Bureau of Economic Research (EABER) - 2014
People’s Republic of China (PRC). Our model also suggests that the share of the RMB in export invoicing should have been … higher than the actually observed share of less than 10%. The underperformance of RMB export invoicing can be attributed to … probably at the upper end of the actual path of RMB export invoicing. …