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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 …
Persistent link: https://www.econbiz.de/10010290137
This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and … more significant impact can be expected in the next decades. 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 …
Persistent link: https://www.econbiz.de/10010933185
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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 …
Persistent link: https://www.econbiz.de/10012628158
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euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …
Persistent link: https://www.econbiz.de/10011605438