Research on the Impact of the Belt and Road Initiative on the Internationalization of Renminbi

Yuanyuan Sun ()
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Yuanyuan Sun: School of Qilu University of Technology

A chapter in Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), 2024, pp 583-589 from Springer

Abstract: Abstract The Belt and Road Initiative, central to China’s broad opening-up strategy, offers a key opportunity for RMB internationalization. Using panel data from 47 countries (2009–2022) and the difference-in-differences method, the study reveals that the initiative significantly boosts RMB internationalization. The paper suggests deepening Belt and Road cooperation to further advance RMB internationalization.

Keywords: “Belt and Road” Initiative; RMB internationalization; policy effect assessment; differential method; Differences-in-Differences (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_62

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DOI: 10.2991/978-94-6463-598-0_62

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