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 …

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 …

addition, our model suggests that, to be a true international currency, the renminbi should be used more extensively in the …

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. …

The status of the renminbi (RMB), China's currency, is not commensurate with the country's global economic prowess as … the world's largest trading nation and second largest economic power measured by GDP. When the global financial crisis …'s Republic of China initiated efforts to promote the international use of the RMB. This paper reviews the historical experience …

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 …

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 …