The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...

Germany should pay more attention to risks in procurement, manufacturing and sales in China. First, China’s population has been shrinking since 2022 and is rapidly ageing; this will cause its economic strength as well as production and consumption opportuni-ties to decrease. Secondly, the...

The study is motivated by the consideration that large and variable statistical discrepancies in key economic performance data and successive data revisions may distort the conduct of economic policy and its subsequent evaluation. Its specific object is the exploration of the statistical...

The paper assesses the international status of the Chinese currency renminbi (RMB) by recounting and reviewing the recent polices China instituted to promote the use of the RMB in the global market. The evidence suggests that the RMB is gaining acceptance overseas. However, compared with the...

Renminbi, China's currency, is underutilised internationally. Although Renminbi's internationalisation is at an early stage, the benefits of using Renminbi to in cross-border trade are clear. Renminbi growth is spectacular presenting more opportunities to the international business community....

This study addresses the supply of financial services, especially money transfers, in the People's Republic of China. With an estimated 95 million domestic labor migrants, the potential market for remittances is estimated between USD 23 billion and 40 billion in 2005 and growing. Labor migration...

The People's Republic of China (PRC) has been quite aggressive recently in promoting the international use of its 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...

This paper uses a large panel of bilateral bank flow data to assess how institutions and politics affect international capital - bank in particular - flows. The following key findings emerge: 1) The empirical "gravity" model is the benchmark in explaining the volume of international banking...