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renminbi has been included this year after its rejection in IMF’s 2010 review. This makes Chinese yuan the third reserve … currency after the US dollar and Euro. IMF’s approval of renminbi among main world currencies is a step towards recognition of … China as a global economic power …
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The internationalization of China’s currency, the renminbi (RMB) bolsters the growing economic and political influence … of China in the Asia-Pacific region. This paper assesses the evolution of RMB exchange rate co-movements against the US …
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Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the … international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi …. This paper discusses the factors shaping the prospects of internationalising the renminbi from the perspective of the …
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