RMB Internationalization

RMB Internationalization latest publications

RMB Internationalization: A Ten-year Review

The RMB has taken steps on its internationalization march. This ppt reviews RMB's expanding role in global trade and businesses in the past decade, strategies to increase overseas usage of RMB and "811" devaluation and its implication. The next breakthrough will be the opening-up of the domestic bond market.

China's RMB Bilateral Swap Agreements: What explains the choice of countries?

This paper analyzes empirically the determinants behind the choice of countries signing an RMB-denominated Bilateral Swap Agreement (BSA) with China

RMB Internationalization: What is in for Taiwan?

Along with the steady pace of RMB internationalization, this paper proposes Taiwan as a potential candidate to become the next RMB offshore center.