The status of the renminbi (RMB), China's currency, is not commensurate with the country's global economic prowess as …'s Republic of China initiated efforts to promote the international use of the RMB. This paper reviews the historical experience …, given the increasing volume of trade with China …

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

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 …

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 …

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 …

the renminbi in South Korea, an ordinary foreign economy with neither unique political economic relations with China (as … renminbi into a consequential international currency even in East Asia may not be an inevitable outcome for China, despite the …As the internationalisation of the renminbi has progressed rapidly in recent years, research on it has also grown …

international profile of the Chinese renminbi requires rebalancing of the Chinese economy towards domestic de¬mand, whereas the …

demonstrated by the renminbi trade settlement scheme piloted between the People's Republic of China and Hong Kong, China, the …