Abstract

http://ssrn.com/abstract=1797464
 
 

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Renminbi Going Global


Xiaoli Chen


affiliation not provided to SSRN

Yin-Wong Cheung


City University of Hong Kong - Department of Economics & Finance; University of California at Santa Cruz - Department of Economics

March 28, 2011

HKIMR Working Paper No.08/2011

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

Number of Pages in PDF File: 27

Keywords: RMB Internationalization, Off-Shore RMB Market, Cross-Border Trade Settlement, Panda Bonds

JEL Classification: F02, F31, F33

working papers series


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Date posted: March 29, 2011  

Suggested Citation

Chen, Xiaoli and Cheung, Yin-Wong, Renminbi Going Global (March 28, 2011). HKIMR Working Paper No.08/2011. Available at SSRN: http://ssrn.com/abstract=1797464 or http://dx.doi.org/10.2139/ssrn.1797464

Contact Information

Xiaoli Chen
affiliation not provided to SSRN ( email )
Yin-Wong Cheung (Contact Author)
City University of Hong Kong - Department of Economics & Finance ( email )
83 Tat Chee Avenue
Kowloon
Hong Kong
University of California at Santa Cruz - Department of Economics ( email )
1156 High Street
Santa Cruz, CA 95064
United States
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