Internationalising the Renminbi
AbstractThe Chinese authorities have introduced reforms over the past few years aimed at increasing the use of the renminbi (RMB) in international trade and investment. This article outlines the recent developments, focusing in particular on the offshore market for RMB and the RMB trade settlement scheme. These initiatives have been supported by the signing of bilateral local currency swap agreements between the People’s Bank of China (PBC) and other central banks, including the Reserve Bank of Australia.
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Bibliographic InfoArticle provided by Reserve Bank of Australia in its journal RBA Bulletin.
Volume (Year): (2012)
Issue (Month): (June)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert N. McCauley, 2013.
"Renminbi internationalisation and China’s financial development,"
Journal of Chinese Economic and Business Studies,
Taylor and Francis Journals, vol. 11(2), pages 101-115, May.
- Robert McCauley, 2011. "Renminbi internationalisation and China's financial development," BIS Quarterly Review, Bank for International Settlements, December.
- Alexander Ballantyne & Megan Garner & Michelle Wright, 2013. "Developments in Renminbi Internationalisation," RBA Bulletin, Reserve Bank of Australia, pages 65-74, June.
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