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China’s ambition to further internationalize the use of the renminbi has continued to make progress as the number of ...

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

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 ...

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 ...

Foreign investors now hold more than four trillion yuan in bonds, indicating the steady growth of RMB internationalization. In the first eight months of 2024, RMB-denominated cross-border payments ...