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The East Asian monetary integration process is at the crossroads. Given very benign liquidity conditions in the US, the prevailing common US dollar peg has contributed to growing macroeconomic and financial instability in the region. This has sparked demands to embark on an independent monetary...
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The rise of the renminbi (RMB) as a key currency in international financial markets has been fast. It reflects China … given China's increasing weight in the world economy, this paper will argue that such an event is not likely to take place …
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goes global -- Reserve currency -- The mirage of safety -- Could China stumble? -- Rising global influence -- Conclusion …
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The renminbi (RMB) has become something of a buzzword that is mentioned in all discussions, despite the fact that the … that within only a few years has become the biggest in the world after the United States. Second, China's soaring growth …
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preeminence. China seems to be moving steadily in that direction, and renminbi convertibility will proceed apace not least because … renminbi will eclipse the dollar, what will be the timing of, and the prerequisites for this transition, and which of the two … years traditionally believed. Applying these findings to the current context suggests that the renminbi could become the …
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Internationalisation of Renminbi (or Yuan, Chinese currency) is a clear policy and irreversible direction of the … Chinese government. The mid-term policy strategy is to make inflow and outflow of Renminbi easier, and to boost the use of … Renminbi in international trade and finance so as to reduce its reliance on the US dollar. This article mainly discusses …
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