机构:
Univ Calif Santa Cruz, Dept Econ E2, Santa Cruz, CA 95064 USA
City Univ Hong Kong, Hong Kong, Hong Kong, Peoples R China
Shandong Univ, Jinan, Peoples R ChinaUniv Calif Santa Cruz, Dept Econ E2, Santa Cruz, CA 95064 USA
Cheung, Yin-Wong
[1
,2
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Ma, Guonan
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机构:Univ Calif Santa Cruz, Dept Econ E2, Santa Cruz, CA 95064 USA
Ma, Guonan
McCauley, Robert N.
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h-index: 0
机构:Univ Calif Santa Cruz, Dept Econ E2, Santa Cruz, CA 95064 USA
McCauley, Robert N.
机构:
[1] Univ Calif Santa Cruz, Dept Econ E2, Santa Cruz, CA 95064 USA
[2] City Univ Hong Kong, Hong Kong, Hong Kong, Peoples R China
Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. The present paper discusses the factors shaping the prospects of internationalising the renminbi from the perspective of the currency composition of China's international assets and liabilities. These factors include, among others, underlying valuation and management of the renminbi.