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|Title:||Renminbising China's foreign assets |
McCauley, Robert N.
|Issue Date:||2010 |
|Series/Report no.:||CESifo working paper Monetary Policy and International Finance 3009|
|Abstract:||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. This 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.|
net international asset position
exchange rate uncertainty
|Document Type:||Working Paper|
|Appears in Collections:||CESifo Working Papers, CESifo Group Munich|
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