RMB Internationalization: Empirical and Policy Analysis

David Daokui Li and Linlin Liu

Chapter 7 in Currency Internationalization: Global Experiences and Implications for the Renminbi, 2010, pp 167-185 from Palgrave Macmillan

Abstract: Abstract China is now one of the largest economies and largest trading partners in the world. With the restrictions on international financial transactions gradually being liberalized, the emergence of the Chinese economy has aroused speculation on the future landscape of the world economy. One of the most interesting aspects is the possible rise of the Chinese renminbi (henceforth RMB) as an international currency, as the RMB is already widely used in cross-border trade between China and neighboring countries.

Keywords: Real Interest Rate; International Bond; Chinese Economy; International Reserve; International Currency (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24578-5_7

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DOI: 10.1057/9780230245785_7

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