China hat erste Schritte unternommen, die auf eine Internationalisierung des Renminbi hindeuten. So hat das Land … zu binden, sollte China die Bandbreite für den Handel mit dem Renminbi allmählich vergrößern. Eine unabhängige … zugelassen. Die Nutzung von Hongkong als Prüfstein für eine Internationalisierung des Renminbi ermöglicht die Entwicklung eines …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the … international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …

measures taken by China to internationalize its renminbi, including several bilateral swap agreements signed with other central … banks, have reinforced other eastward trends in the world economy. In this paper, China's acceleration of renminbi … internationalization is examined. The growth of renminbi-based trade and settlements has made it Asia's new reference currency, surpassing …

We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …

How should monetary policy be optimally designed in an environment with high degrees of financial globalization? To … versus pegged) shows that the impossible trinity is reversed: a higher degree of financial globalization, by inducing more …

The growing weight of the People's Republic of China (PRC) in the world economy, measured by gross domestic product … (GDP) and trade volume, has intensified debate on the potential international role of its currency - the renminbi (RMB …-denominated bond issuance in Hong Kong, China, but that RMB internationalization is still limited due to capital account controls. The …

demonstrated by the renminbi trade settlement scheme piloted between the People's Republic of China and Hong Kong, China, the …

vulnerability. As demonstrated by the renminbi trade settlement scheme piloted between the People's Republic of China; Hong Kong …, China; and Macao, China, the existence of appropriate financial infrastructure could reduce the relatively larger costs of …