Renminbi Going Global

Yin-Wong Cheung

Santa Cruz Department of Economics, Working Paper Series from Department of Economics, UC Santa Cruz

Abstract: The paper assesses the international status of the Chinese currency renminbi(RMB) by recounting and reviewing the recent polices China instituted topromote the use of the RMB in the global market. The evidence suggests that theRMB is gaining acceptance overseas. However, compared with the size of theChinese economy, the current scale of the use of the RMB is quite small. The pathto a fully fledged international RMB will be a distant goal.

Keywords: Social and Behavioral Sciences; RMB Internationalization; Off-Shore RMB Market; Cross-Border Trade Settlement; Panda Bonds (search for similar items in EconPapers)
Date: 2011-02-10
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Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:cdl:ucscec:qt2qn810hg

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