Ito, Hiro; Chinn, Menzie - Asian Development Bank Institute, Asian Development Bank - 2014
RMB for the People’s Republic of China (PRC). The 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 … are probably at the upper end of the actual path of RMB export invoicing. …