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measures taken by China to internationalize its renminbi, including several bilateral swap agreements signed with other central … banks, have reinforced other eastward trends in the world economy. In this paper, China's acceleration of renminbi … internationalization is examined. The growth of renminbi-based trade and settlements has made it Asia's new reference currency, surpassing …
Persistent link: https://www.econbiz.de/10011790341
China’s progress to date on capital account liberalization, including recent efforts to promote renminbi … internationalization and greater use of the renminbi in trade settlement. The paper concludes with an overview of remaining obstacles to …
Persistent link: https://www.econbiz.de/10014185635
For now, effective capital controls allow the Chinese authorities to retain regulated deposit and lending rates, quantitative credit guidance and bond market rationing. Relaxation of the capital controls would put these policies at risk. Reserve requirements can be extended to bank inflows from...
Persistent link: https://www.econbiz.de/10013092014
Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its … currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi … integration of offshore and onshore markets for the renminbi using a Threshold Autoregression (TAR) model and finds that there are …
Persistent link: https://www.econbiz.de/10013051918
financial crisis has been pursuing a policy to internationalize its currency, the renminbi (RMB). Clearly the exchange rate …
Persistent link: https://www.econbiz.de/10013053263
focusing on the link between capital account liberalization and its impact on the use of the renminbi (RMB). The authors find …
Persistent link: https://www.econbiz.de/10013055740
Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its … currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi … integration of offshore and onshore markets for the renminbi using a Threshold Autoregression (TAR) model and finds that there are …
Persistent link: https://www.econbiz.de/10014411281
Persistent link: https://www.econbiz.de/10015180947