RENMINBISING CHINA'S FOREIGN ASSETS

Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. The present paper discusses the factors shaping the prospe...

Full description

Saved in:
Bibliographic Details
Published in:Pacific economic review (Oxford, England) England), 2011-02, Vol.16 (1), p.1-17
Main Authors: Cheung, Yin-Wong, Ma, Guonan, McCauley, Robert N.
Format: Article
Language:English
Subjects:
Assets
Currency
International trade
Renminbi
Studies
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. The present paper discusses the factors shaping the prospects of internationalising the renminbi from the perspective of the currency composition of China's international assets and liabilities. These factors include, among others, underlying valuation and management of the renminbi.
ISSN:1361-374X
1468-0106
DOI:10.1111/j.1468-0106.2010.00531.x