Chapter 9. Renminbi Internationalization
Author:
Mr. Malhar S Nabar
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and
Mr. Camilo E Tovar Mora
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Language:
English
Print Publication Date:
14 Jan 2017
Keywords:
BOOK; government; China; pension; rate; local government; RMB internationalization; PBC document; RMB depreciation; RMB globalization index; cash-pooling scheme; Currencies; International monetary system; Currency markets; Reserve currencies; Global; Asia and Pacific

Abstract

The current role of emerging market currencies in the international monetary system is limited. However, the increasing importance of emerging markets in the global economy suggests that these currencies could become a vehicle for greater reserve currency diversification and the production of reserve assets in the future.

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Cover Modernizing China
Modernizing China
Investing in Soft Infrastructure
ISBN:
9781513539942
Publication Date:
14 Jan 2017
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781513539942.071
Pages:
388