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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. …
Persistent link: https://www.econbiz.de/10010249643
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 …
Persistent link: https://www.econbiz.de/10010355692
impressive inroads. The progress in renminbi trade settlement is especially impressive. However, Hong Kong, China's offshore … is the sheer size of the People's Republic of China's (PRC) trade and the convenience of using the renminbi for …Since the formal launch of the renminbi trade settlement scheme in 2009, renminbi internationalization has made …
Persistent link: https://www.econbiz.de/10010242063
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 …
Persistent link: https://www.econbiz.de/10013053465
impressive inroads. The progress in renminbi trade settlement is especially impressive. However, Hong Kong, China's offshore …'s Republic of China's (PRC) trade and the convenience of using the renminbi for transaction settlements is one contributing …Since the formal launch of the renminbi trade settlement scheme in 2009, renminbi internationalization has made …
Persistent link: https://www.econbiz.de/10013058802
This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account … liberalisation and internationalisation of the use of the renminbi. After a slowdown in reform momentum during the global financial …, China's debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks …
Persistent link: https://www.econbiz.de/10011384045
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 …
Persistent link: https://www.econbiz.de/10012962043
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 …
Persistent link: https://www.econbiz.de/10012232928
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 …
Persistent link: https://www.econbiz.de/10012234514
Persistent link: https://www.econbiz.de/10011641591