vulnerability. As demonstrated by the renminbi trade settlement scheme piloted between the People's Republic of China; Hong Kong …

Most studies of renminbi internationalization focus on the supply side, by examining China's own economic and political … conditions. In contrast, this study addresses the demand side of renminbi internationalization, by providing an in-depth analysis … of renminbi use in ordinary foreign economies from both economic and political perspectives, with a particular focus on …

We investigate the relationship between market uncertainty and the relative value of the Renminbi against currencies … uncertainty and the relative value of the Renminbi is frequency dependent. While we find evidence of some degree of safe haven … currency behavior of the Renminbi during the early part of our sample, our findings do not support the suggestion that the …

to purchase and sell financial assets. Our model contributes to the debate on the internationalization of the renminbi …, supporting the view that deep financial reforms should precede capital account liberalization to sustain the renminbi …

dynamic path and lead to an earlier critical transition. We then discuss the implications for the renminbi, a budding … international currency. If the renminbi were to become a dominant international currency, it would require China to attain a much …

issuing that international currency, with a main empirical focus on the Japanese case with regard to the Chinese renminbi …