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Research on the Impact of the Belt and Road Initiative on the Internationalization of Renminbi

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

Author

Listed:
  • Yuanyuan Sun

    (School of Qilu University of Technology)

Abstract

The Belt and Road Initiative, central to China’s broad opening-up strategy, offers a key opportunity for RMB internationalization. Using panel data from 47 countries (2009–2022) and the difference-in-differences method, the study reveals that the initiative significantly boosts RMB internationalization. The paper suggests deepening Belt and Road cooperation to further advance RMB internationalization.

Suggested Citation

  • Yuanyuan Sun, 2024. "Research on the Impact of the Belt and Road Initiative on the Internationalization of Renminbi," 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 583-589, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-598-0_62
    DOI: 10.2991/978-94-6463-598-0_62
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