Internationalization of the Renminbi and Its Implications for Monetary Policy

Haihong Gao

Chapter 9 in Currency Internationalization: Global Experiences and Implications for the Renminbi, 2010, pp 209-220 from Palgrave Macmillan

Abstract: Abstract The rise of China and its growing economic influence in the world has sparked consideration of the possibility of Chinese currency becoming internationalized. Although the renminbi (RMB) is currently far from being an international currency, its position internationally is steadily using. In the long term, the currency’s internationalization is not only likely but also desirable for China and for the rest of the world.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Euro Area; Asian Development Bank (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230245785_9

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