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Issues for renminbi internationalization: An overview

Eichengreen, Barry; Kawai, Masahiro - 2014

(GDP) and trade volume, has intensified debate on the potential international role of its currency - the renminbi (RMB …

Persistent link: https://www.econbiz.de/10010397329

The People's Republic of China's digital Yuan: Its environment, design, and implications

Fullerton, Elijah Journey; Morgan, Peter J. - 2022

The People's Republic of China (PRC) has rapidly achieved a relatively high degree of financial inclusion (access of individuals to financial products and services) as a result of the development of various large-scale financial platforms using financial technology (fintech) to reduce the cost...

Persistent link: https://www.econbiz.de/10013359380

Will history repeat itself? Lessons for the yuan

Cohen, Benjamin J. - 2014

For many observers, internationalization is the yuan's manifest destiny - an irresistible by-product of the remarkable economic success of the People's Republic of China (PRC). But is such confidence warranted? Recent history has seen the emergence of other currencies that were also expected, at...

Persistent link: https://www.econbiz.de/10010397217

The role of offshore financial centers in the process of renminbi internationalization

Cheung, Yin-Wong - 2014

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 …

Persistent link: https://www.econbiz.de/10010397261

Regional settlement infrastructure and currency internationalization: The case of Asia and the renminbi

Rhee, Changyong; Sumulong, Lea - 2014

vulnerability. As demonstrated by the renminbi trade settlement scheme piloted between the People's Republic of China; Hong Kong …

Persistent link: https://www.econbiz.de/10010397306

How far can renminbi internationalization go?

Yongding, Yu - 2014

Since the formal launch of the renminbi trade settlement scheme in 2009, renminbi internationalization has made … impressive inroads. The progress in renminbi trade settlement is especially impressive. However, Hong Kong, China's offshore … renminbi deposits failed to make significant progress as expected. The question of how far renminbi internationalization can go …

Persistent link: https://www.econbiz.de/10010397319

Revisiting the internationalization of the yuan

Yu, Yongding - 2012

As the world's second largest economy, largest trading nation, and the largest foreign holder of United States (US) government bonds, the People's Republic of China (PRC) needs a currency with international status that can match its economic status in the global economy. However, sequencing is...

Persistent link: https://www.econbiz.de/10010397321

Transpacific imbalances and macroeconomic codependency

Thorbecke, Willem - 2011

Current account deficits in the United States (US) and current account surpluses in East Asia are an enduring part of the global economic landscape. They are supported by low saving in the US and by reserve accumulation in Asia. This paper argues that this strategy is causing macroeconomic...

Persistent link: https://www.econbiz.de/10010279816

Processing trade, exchange rates, and the People's Republic of China's bilateral trade balances

Xing, Yuqing - 2011

This paper analyzes the role of processing trade in the People's Republic of China (PRC)'s bilateral trade balances and the impact of the yuan's appreciation on processing trade. The analysis is based on panel data covering the PRC' 51 trading partners from 1993 - 2008. The empirical analysis...

Persistent link: https://www.econbiz.de/10010286106

How would an appreciation of the yuan affect the People's Republic of China's surplus in processing trade?

Thorbecke, Willem - 2010

Enormous trade surpluses are problematic for the People's Republic of China (PRC) and the rest of the world. They primarily stem from processing trade. This paper investigates how exchange rate changes would affect the PRC's imports for processing and processed exports. The results indicate that...

Persistent link: https://www.econbiz.de/10010286138