creation of 38 swap lines by the People’s Bank of China between 2009 and 2018 provides a test of the theory. Signing a swap …

creation of 38 swap lines by the People's Bank of China between 2009 and 2018 provides a test of the theory. Signing a swap …

This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account … liberalisation and internationalisation of the use of the renminbi. After a slowdown in reform momentum during the global financial …, China's debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks …

exchange rate co-operation in East Asia based on currency baskets, with China herself moving towards a managed exchange rate …

In this paper we try to address the question of what could help make the renminbi a reserve currency. In recent years …, the authorities in the People's Republic of China (PRC) have made efforts to internationalize its currency through a two …-track strategy: promotion of the use of the renminbi in the settlement of cross-border trade and investment, and liberalization of …

impressive inroads. The progress in renminbi trade settlement is especially impressive. However, Hong Kong, China's offshore … is the sheer size of the People's Republic of China's (PRC) trade and the convenience of using the renminbi for …Since the formal launch of the renminbi trade settlement scheme in 2009, renminbi internationalization has made …

China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar … exchange rate to encourage naturally high wage increases for balancing China's international competitiveness. …