Internationalising the Renminbi
The 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.
Volume (Year): (2012)
Issue (Month): (June)
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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.:
- Franklin Allen & Jun "QJ" Qian & Chenying Zhang & Mengxin Zhao, 2012.
"China's Financial System: Opportunities and Challenges,"
NBER Working Papers
17828, National Bureau of Economic Research, Inc.
- Franklin Allen & Jun & Chenying Zhang & Mengxin Zhao, 2012. "China's Financial System: Opportunities and Challenges," NBER Chapters, in: Capitalizing China, pages 63-143 National Bureau of Economic Research, Inc.
- Robert McCauley, 2011.
"Renminbi internationalisation and China's financial development,"
BIS Quarterly Review,
Bank for International Settlements, December.
- Robert N. McCauley, 2013. "Renminbi internationalisation and China’s financial development," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 11(2), pages 101-115, May.
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