advocate -- Japan: a diplomatic user of the renminbi -- South Korea: a late but active accommodator -- The United States: a …"Although the internationalization of the Chinese renminbi is an important international political event, most of the … addresses the question of how foreign states have responded to the renminbi's internationalization, during its initial phase …

and banks to use the renminbi as an alternative to the dollar. In addition to contributing to a broader understanding of …

rate parity and reduction of the tax rate parity. Internationalization of the U.S. dollar-permeated renminbi is not a … sensible choice, as the renminbi is not, in essence, an international currency, and it lacks a micro-foundation …