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RMB Internationalization: Empirical and Policy Analysis

In: Currency Internationalization: Global Experiences and Implications for the Renminbi

Author

Listed:
  • David Daokui Li
  • Linlin Liu

Abstract

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.

Suggested Citation

  • David Daokui Li & Linlin Liu, 2010. "RMB Internationalization: Empirical and Policy Analysis," Palgrave Macmillan Books, in: Wensheng Peng & Chang Shu (ed.), Currency Internationalization: Global Experiences and Implications for the Renminbi, chapter 7, pages 167-185, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24578-5_7
    DOI: 10.1057/9780230245785_7
    as

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