Spreckelsen, Christian Von; Kunze, Frederik; Windels, … - In: International Journal of Economic Policy in Emerging … 7 (2014) 1, pp. 66-76
Since 2011 China attempts to internationalise its currency by allowing more cross-border trade to be settled in renminbi (RMB). Via the so-called RMB Trade Settlement Scheme trade partners are able to pay and to be paid in RMB offshore. Due to the mostly closed mainland (onshore) market, both...
