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Jikang, Zhang
Yuanyuan, Liang
Year of Publication: 
Series/Report no.: 
HWWI Research Paper 2-5
This paper examines the structural characteristics of China's inter-bank foreign exchange market and evaluates the prospects for the renminbi to become a regional lead currency. While China has made considerable progress in reforming her foreign exchange market and thereby set the preconditions for gradually moving toward more flexibility in her exchange regime, the foreign exchange market is still hampered by several structural and institutional problems that will continue to put a constraint on the renminbi's role in East Asia.
Document Type: 
Working Paper

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