The Rise of the Renminbi in Asia: Cost-Benefit Analysis and Road Map

Li Jing ()

Chinese Economy, 2007, vol. 40, issue 4, 29-43

Abstract: With the rise of China following its enhanced economic and trade relationship with the Asian economies and China's increasing importance in the world economy, the Chinese renminbi is becoming accepted in Asia and maybe by the whole world as a global currency. The rise of the renminbi is a double-edged sword: in order to eliminate the financial risks brought about by this process and maximize benefits, it is necessary for China to trade off between its costs and benefits. Internationalization of the renminbi requires a dynamic approach, involving a phased strategy for implementation, as well as corresponding policies.

Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=F27L870H7393543N (text/html)
Access to full text is restricted to subscribers.

Related works:
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:mes:chinec:v:40:y:2007:i:4:p:29-43

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MCES20

Access Statistics for this article

More articles in Chinese Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().