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At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances …
Persistent link: https://www.econbiz.de/10012675699
This paper provides an overview of the potential international role of the renminbi (RMB). Reviewing the current state, the paper finds that much progress has been made on RMB settlements for trade involving the People's Republic of China (PRC) and on RMB-denominated bond issuance in Hong Kong,...
Persistent link: https://www.econbiz.de/10013060483
Persistent link: https://www.econbiz.de/10011487321