IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-598-0_12.html

The Impact of E-CNY on RMB Internationalization

In: Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)

Author

Listed:
  • Jiayuan Zhu

    (Xi’an Jiaotong-Liverpool University, International Business School Suzhou)

Abstract

Based on the fact that RMB is currently in the process of actively internationalizing, this article mainly takes the E-CNY as the research object, and uses the SWOT business model to analyze the strengths and weaknesses of the issuance of the digital RMB, as well as the opportunities and threats it faces. At the same time, based on the continuous development of digital financial technology, this paper analyzes the important impact that effective cooperation between financial institutions, policymakers, regulators and technology providers may have on enhancing the advantages and mitigating negative effects. The study concluded that the digital RMB caters to the general trend of development in the world today and is an excellent innovation that truly benefit the people, but there are many obstacles in the development process that will make its action less effective. Based on the strong internationalization trend of the digital RMB, it is obvious that its promotion is conducive to the internationalization of the RMB, provides guarantees for financial exchanges between countries, and contributes to sustainable development.

Suggested Citation

  • Jiayuan Zhu, 2024. "The Impact of E-CNY on RMB Internationalization," Advances in Economics, Business and Management Research, in: Qiujing Wu & Songsong Liu & Guoliang Wang & Jia Li (ed.), Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), pages 95-102, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-598-0_12
    DOI: 10.2991/978-94-6463-598-0_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-598-0_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.