Cheung, Yin-Wong; Grimm, Louisa; Westermann, Frank - 2020
We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi … currencies, is affected by trade intensity, bilateral swap line arrangements, and has a regional bias. Further, it is possibly … affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …