This project explores how China’s renminbi offshore market and offshore RMB centres have evolved and examines the implications of the launch of the Shanghai Free Trade Zone in 2013. China has launched ...

The answer is politics, some silly and some not. The silly part is pretending that RMB internationalization has been meaningful to this point, pretending that the RMB is comparable to the pound ...

Report from International Institutions and Global Governance Program and Greenberg Center for Geoeconomic Studies Report from International Institutions and Global Governance Program and Greenberg ...

One particular strength of the book is that Prasad takes the time to carefully walk the reader through the ideas of what it means to be a reserve currency, what the “internationalization” of the ...

According to the People’s Bank of China’s 2015 Renminbi Internationalization Report, the RMB was the world’s 5th most used payment currency, the 2nd most used trade finance currency ...

Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...

However, Chinese stock markets are highly volatile and prone to concerns about corporate governance, so they may be of limited help in promoting the renminbi’s role as an international currency. The ...

This evidence suggests that the internationalization of the RMB lags far behind yen internationalization. The U.S. dollar and, to a lesser extent, the South African Rand are used as a vehicle currency ...

as the preferred business hub for renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts, RMB-denominated corporate and Chinese ...

Recognizing the disadvantages of using a sovereign currency as the world currency has important reference value and educative significance for achieving a correct view of digital currency, eSDRs, and ...

“This kind of renminbi internationalization may achieve Beijing’s goals, including reducing China’s exposure to exchange rate fluctuations and mitigating China’s vulnerabilities to U.S. fi ...

By allowing renminbi to flow offshore uncontrolled ... are straying from the normal sequence of steps toward currency internationalization. Why might that be? In this Center for Geoeconomic ...