RMB Internationalization: Empirical and Policy Analysis
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.
KeywordsReal Interest Rate International Bond Chinese Economy International Reserve International Currency
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