measures taken by China to internationalize its renminbi, including several bilateral swap agreements signed with other central … banks, have reinforced other eastward trends in the world economy. In this paper, China's acceleration of renminbi … internationalization is examined. The growth of renminbi-based trade and settlements has made it Asia’s new reference currency, surpassing …

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 …

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 …

We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi … affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …

We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi … affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …

The People's Republic of China (PRC) has been quite aggressive recently in promoting the international use of its … currency, the renminbi. Historical experience suggests that an active offshore market is essential for a global currency …. Indeed, anecdotal evidence affirms the role of offshore markets in pushing the renminbi currency to the world. One should not …

exchange rate co-operation in East Asia based on currency baskets, with China herself moving towards a managed exchange rate …

In this paper we try to address the question of what could help make the renminbi 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 two …-track strategy: promotion of the use of the renminbi in the settlement of cross-border trade and investment, and liberalization of …

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. …

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