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Title:Renminbi going global PDF Logo
Authors:Chen, Xiaoli
Cheung, Yin-Wong
Issue Date:2011
Series/Report no.:Working Papers, UC Santa Cruz Economics Department 677
Abstract:The paper assesses the international status of the Chinese currency renminbi (RMB) by recounting and reviewing the recent polices China instituted to promote the use of the RMB in the global market. The evidence suggests that the RMB is gaining acceptance overseas. However, compared with the size of the Chinese economy, the current scale of the use of the RMB is quite small. The path to a fully fledged international RMB will be a distant goal.
Subjects:RMB Internationalization
Off-Shore RMB Market
Cross-Border Trade Settlement
Panda Bonds
JEL:F02
F31
F33
Document Type:Working Paper
Appears in Collections:Working Papers, Economics Department, UC Santa Cruz

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