Renminbi Internationalisation: A Primer

Dong He ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper provides a succinct introduction to the internationalisation of the renminbi, a subject of increasing importance in the economics of China. It attempts to shed light on the following questions: Why do non-Chinese residents have incentives to hold renminbi-denominated assets and liabilities? How do non-Chinese residents acquire renminbi-denominated assets and liabilities? Does this not require convertibility of the renminbi under the capital account of the balance of payments? What are the roles of official policies and market forces in driving the process of renminbi internationalisation?

Keywords: renminbi; currency internationalisation (search for similar items in EconPapers)
JEL-codes: E58 E42 F33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-tra
Date: 2012-07-31
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