This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and …. If the objective is to reinforce the attractiveness of the SDR as a unit of account and a store of value through more … stability, then a broadening of the SDR to the RMB could be appropriate, provided some flexibility is introduced in the Chinese …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …

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 …

The rise of the renminbi (RMB) as a key currency in international financial markets has been fast. It reflects China …

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 … account but with significant administrative and other soft controls. The renminbi will play an increasingly important role in …

Since 2009, the Chinese government has committed itself to encourage Renminbi (RMB) internationalization. China has … structure for the RMB, developing crude oil futures. Incorporating the RMB into the SDR, BRI, and the establishment of AIIB …

deficiencies, the United States (US) dollar will remain the dominant currency and Special Drawing Rights (SDR) cannot serve as …