Skip to main content

2018 | OriginalPaper | Buchkapitel

2. Status Quo of Renminbi Internationalization

verfasst von : International Monetary Institute

Erschienen in: Currency Internationalization and Macro Financial Risk Control

Verlag: Springer Singapore

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

In 2015, RMB’s internationalization speeded up its process. During the past years, the amount of RMB used as a settlement currency for trades increased significantly on a larger scale, and the offshore market was booming. Meanwhile, international financial cooperation was deepening, and the RMB exchange rate regime reform was promoted steadily. Under the new normal of economy, structural adjustment and institutional reform were pushed forward in an orderly manner, and market-oriented reform of capital pricing further cleared institutional obstacles for RMB’s internationalization. On November 30, 2015, the IMF announced that the RMB would be included in the SDR, which started a new journey of RMB’s internationalization.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Fußnoten
1
0/1 virtual variables: 0 for regulated items under capital account; 1 for unregulated ones.
 
2
Calculation formula:
open = \( \sum \limits_{\mathrm{i}}^{\mathrm{n}}p(i)/n \)
“open” stands for the degree of capital account openness, within a range from 0 to 1. Smaller value means larger regulation. “n” stands for the total amount of capital trading items considered in measuring capital account openness. In this report n means the 40 capital trading sub-items under 11 major capital items. “p(i)” means the openness of the “i”th sub-item. Values of sub-items are assigned with the Qinn method. “p(i) = 1” means no regulations over the discussed item, in terms of either real trading under capital account or exchange trading; “p(i) = 1/3” means some regulations for the majority of trading parties or items under capital account; “p(i) = 2/3” means few regulations over the discussed item with regulations only imposed on few trading parties and items under capital account; “p(i) = 0” means strict control. The trading is forbidden, either de jure or de facto; in addition, in AREAER a few items are labeled “regulated” without further details, a case 1/2 applies.
 
Metadaten
Titel
Status Quo of Renminbi Internationalization
verfasst von
International Monetary Institute
Copyright-Jahr
2018
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-13-0698-3_2