The Impact of E-CNY on RMB Internationalization

Jiayuan Zhu ()
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Jiayuan Zhu: Xi’an Jiaotong-Liverpool University, International Business School Suzhou

A chapter in Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), 2024, pp 95-102 from Springer

Abstract: Abstract Based on the fact that RMB is currently in the process of actively internationalizing, this article mainly takes the E-CNY as the research object, and uses the SWOT business model to analyze the strengths and weaknesses of the issuance of the digital RMB, as well as the opportunities and threats it faces. At the same time, based on the continuous development of digital financial technology, this paper analyzes the important impact that effective cooperation between financial institutions, policymakers, regulators and technology providers may have on enhancing the advantages and mitigating negative effects. The study concluded that the digital RMB caters to the general trend of development in the world today and is an excellent innovation that truly benefit the people, but there are many obstacles in the development process that will make its action less effective. Based on the strong internationalization trend of the digital RMB, it is obvious that its promotion is conducive to the internationalization of the RMB, provides guarantees for financial exchanges between countries, and contributes to sustainable development.

Keywords: E-CNY; RMB Internationalization; Digital Currency (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-598-0_12

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DOI: 10.2991/978-94-6463-598-0_12

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