Renminbi Going Global

Xiaoli Chen and Yin-Wong Cheung
Additional contact information
Xiaoli Chen: Shandong University

No 82011, Working Papers from Hong Kong Institute for Monetary Research

Abstract: The paper assesses the international status of the Chinese currency renminbi (RMB) by recounting and reviewing the recent polices China instituted to promote the use of the RMB in the global market. The evidence suggests that the RMB is gaining acceptance overseas. However, compared with the size of the Chinese economy, the current scale of the use of the RMB is quite small. The path to a fully fledged international RMB will be a distant goal.

Keywords: RMB Internationalization; Off-Shore RMB Market; Cross-Border Trade Settlement; Panda Bonds (search for similar items in EconPapers)
JEL-codes: F02 F31 F33 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2011-03
New Economics Papers: this item is included in nep-ifn, nep-mon and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (34)

Downloads: (external link)
http://www.hkimr.org/uploads/publication/71/ub_ful ... o-08_2011-final-.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.hkimr.org/uploads/publication/71/ub_full_0_2_272_wp-no-08_2011-final-.pdf [301 Moved Permanently]--> http://www.aof.org.hk/research/HKIMR/uploads/publication/71/ub_full_0_2_272_wp-no-08_2011-final-.pdf [301 Moved Permanently]--> https://www.aof.org.hk/research/HKIMR/uploads/publication/71/ub_full_0_2_272_wp-no-08_2011-final-.pdf)

Related works:
Journal Article: Renminbi Going Global (2011)
Working Paper: Renminbi Going Global (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hkm:wpaper:082011

Access Statistics for this paper

More papers in Working Papers from Hong Kong Institute for Monetary Research Contact information at EDIRC.
Bibliographic data for series maintained by HKIMR ().