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impressive inroads. The progress in renminbi trade settlement is especially impressive. However, Hong Kong, China's offshore … is the sheer size of the People's Republic of China's (PRC) trade and the convenience of using the renminbi for …Since the formal launch of the renminbi trade settlement scheme in 2009, renminbi internationalization has made …
Persistent link: https://www.econbiz.de/10010242063
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China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar … exchange rate to encourage naturally high wage increases for balancing China's international competitiveness. …
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This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account … liberalisation and internationalisation of the use of the renminbi. After a slowdown in reform momentum during the global financial …, China's debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks …
Persistent link: https://www.econbiz.de/10011384045
For now, effective capital controls allow the Chinese authorities to retain regulated deposit and lending rates, quantitative credit guidance and bond market rationing. Relaxation of the capital controls would put these policies at risk. Reserve requirements can be extended to bank inflows from...
Persistent link: https://www.econbiz.de/10013092014
In this paper we try to address the question of what could help make the renminbi (RMB) a reserve currency. In recent … years, the authorities in the People's Republic of China (PRC) have made efforts to internationalize its currency through a …
Persistent link: https://www.econbiz.de/10013053465
impressive inroads. The progress in renminbi trade settlement is especially impressive. However, Hong Kong, China's offshore …'s Republic of China's (PRC) trade and the convenience of using the renminbi for transaction settlements is one contributing …Since the formal launch of the renminbi trade settlement scheme in 2009, renminbi internationalization has made …
Persistent link: https://www.econbiz.de/10013058802