) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …

) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …

something to do with the undervaluation of renminbi (RMB). But Chinese Government hesitates to revalue RMB because of the worry …Chinese economy has been in a state of external imbalance and internal imbalance for some years, which certainly has … that RMB revaluations are contractionary thus have negative impact on China's economic growth and employment. The purpose …

currency, the renminbi. Historical experience suggests that an active offshore market is essential for a global currency …. Indeed, anecdotal evidence affirms the role of offshore markets in pushing the renminbi currency to the world. One should not … global use of the currency, the overseas acceptance of the renminbi is ultimately determined by both internal and external …

flexible exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRCâ …, the renminbi is unlikely to become a major reserve currency in the absence of capital account convertibility, a flexible …This paper evaluates the prospects for the renminbi’s role as an international currency and the implications for …

currency, the renminbi. Historical experience suggests that an active offshore market is essential for a global currency …. Indeed, anecdotal evidence affirms the role of offshore markets in pushing the renminbi currency to the world. One should not … global use of the currency, the overseas acceptance of the renminbi is ultimately determined by both internal and external …

flexible exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRCâ …, the renminbi is unlikely to become a major reserve currency in the absence of capital account convertibility, a flexible …This paper evaluates the prospects for the renminbi’s role as an international currency and the implications for …

This paper examines how an appreciation of the currency of the People’s Republic of China (PRC …/93–2008/09. It constructs two exchange rates for renminbi : one is a bilateral real exchange rate and the other is a … real effective exchange rate against East Asian component suppliers. It is found that appreciation of the renminbi would …

This paper examines how an appreciation of the currency of the People’s Republic of China (PRC …/93–2008/09. It constructs two exchange rates for renminbi : one is a bilateral real exchange rate and the other is a … real effective exchange rate against East Asian component suppliers. It is found that appreciation of the renminbi would …