Does Shanghai International Financial Center Promote RMB Internationalization?
Discrete Dynamics in Nature and Society, 2022 The construction of the Shanghai International Financial Center was completed in 2020, which signaled the new age of financial reforms in China.
Lijun Li, Feng Xu
doaj +1 more source
Issues for renminbi internationalization: An overview [PDF]
, 2014 The growing weight of the People's Republic of China (PRC) in the world economy, measured by gross domestic product (GDP) and trade volume, has intensified debate on the potential international role of its currency - the renminbi (RMB).
Eichengreen, Barry, Kawai, Masahiro
core +2 more sources
The Canadian RMB Trading Centre: A Small Step in the Long Road of China’s Peaceful Rise in International Financial Markets [PDF]
The School of Public Policy Publications, 2016 China is on the road to becoming a powerful force in global financial markets; statistics suggest that already some 20 per cent of the world’s trade finance is currently conducted in the country’s currency — the yuan, or renminbi (RMB).
John M. Curtis
doaj +1 more source
The Disadvantages of Sovereign Currency as the World Currency
World Review of Political Economy, 2022 From the perspective of Marx’s theory of the functioning of the international monetary system, there are inherent disadvantages in a sovereign currency acting as the world currency.
Yexia Sun
doaj +1 more source
New Ideas for RMB Internationalization under the Belt and Road Initiative
Contemporary Social Sciences, 2018 President Xi Jinping put forward that, “China will further push the open economy to a higher level by enlarging its scale, expanding its area, and deepening its degree.” This proposal provides new perspectives for RMB internationalization.
Liu Yihe
doaj +1 more source
Intensification of Russian-Chinese cooperation and the transformation of the International monetary system [PDF]
Ekonomski Pogledi, 2013 The aims of this paper is to consider assumptions and to assess possibilities for transformations of the international monetary system in the direction of overcoming the domination of the U.S. dollar, and establishing the multicurrency system.
Milenković Nataša, Spalović Katja
doaj +1 more source
Currency Dominance and National Power in the Era of Distributed Ledger Technology and Cryptocurrency
Chinese Journal of International Review, 2022 Currency dominance has been the symbol of national power, influence, and dominance. After the Second World War, the Dollar has maintained its unrivaled influence as a currency reserve by central banks and as a global transaction currency.
Johann M. Cherian
doaj +1 more source
A Study of RMB Internationalization Path Based on Border Area Perspective
Complexity, 2019 At present, the enhancement of China’s comprehensive national strength, stable currency policy, and the new round of opening-up strategy layout have provided opportunities for the financial development in border areas, especially for the RMB ...
Po Sheng Ko +3 more
doaj +1 more source
Prospects for innovations in the banking sector in terms of organizing settlements in Chinese yuan
E-Management, 2022 China and Russia aim to increase bilateral trade to 200 billion USD by 2024. In addition to the enormous potential for cooperation in the field of traditional energy and mineral products, agriculture, investment and engineering contracts, as well as ...
F. F. Sharipov, M. A. Dyakonova, Man Xu
doaj +1 more source
The effectiveness of direct trade between China and near-border subjects of the Russian Federation [PDF]
, 2016 The subject matter of this article is the mutual international settlements between Russia (i.e. its border regions) and China in yuans. An advantage of such settlements is determined by the amount of money which can be spared by the Russian importers of ...
Zharikov, M. V.
core +4 more sources