RMB Internationalization: What is in for Taiwan?

2012 ◽  
Author(s):  
Alicia García-Herrero ◽  
Yingyi Tsai ◽  
Le Xia
Keyword(s):  
Rmb Internationalization

Influence of Renminbi Internationalization on China’s Monetary Policy Effects: A Theoretical Analysis

2021 ◽  
Vol 13 (8) ◽  
pp. 14
Author(s):  
Huiguan Ding ◽  
Asli Ogunc ◽  
Dale Funderburk ◽  
Shiyou Li ◽  
Zhebie Shi
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Analytical Framework ◽  
Securities Markets ◽  
Republic Of China ◽  
Policy Effects ◽  
The People ◽  
The World ◽  
The Impact ◽  
Rmb Internationalization

For more than a decade, the People’s Republic of China has sought to expand the degree of internationalization of its official currency. In recent decades, China has become the world’s second largest economy, as well as the world’s largest trading nation, and its securities markets are among the largest in the world. Today, the RMB is among the top five as a world payments currency. One of the significant costs of achieving higher degrees of internationalization of a country’s currency is the complicating impact it has on the efficacy and effect of that country’s domestic monetary policy.  However, what is the nature and extent of that complicating impact? This paper employs an IS-LM model of an open economy as an analytical framework, embeds an RMB internationalization factor into that model. Specifically, with this model we examine the impact of RMB internationalization on the effects of China’s monetary policy. 

scholarly journals A Study of RMB Internationalization Path Based on Border Area Perspective

Complexity ◽  
2019 ◽  
Vol 2019 ◽  
pp. 1-10
Author(s):  
Po Sheng Ko ◽  
Cheng Chung Wu ◽  
Ying Shih Mai ◽  
Zhongrong Xu
Keyword(s):  
Yunnan Province ◽  
Price Level ◽  
System Construction ◽  
Border Area ◽  
Demand Theory ◽  
Border Areas ◽  
And Function ◽  
Opening Up ◽  
Theory Framework ◽  
Rmb Internationalization

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 internationalization advancement in border areas, while the lagging financial system construction in current border areas also challenges its RMB internationalization. Based on Friedman’s monetary demand theory (1970), the thesis has combined the periodical characteristics and selected the representative Yunnan province in the border areas as the object, taking into overall consideration the two paths of geography and function for RMB internationalization in border areas, so as to build the two-dimensional path theory framework of RMB internationalization from a border area perspective. In view of the above, a panel econometric regression model is built to estimate the factors influencing RMB internationalization path in Yunnan province. The results show that the process of opening up to the outside world in Yunnan province is its major driving force for RMB internationalization, while the great fluctuation of price level tends to hinder the process advancement and such possible impact of overall revenue on RMB internationalization development as the reginal disparity.

Nonlinear correlation between RMB internationalization and nonferrous metal prices

2020 ◽  
Vol 30 (7) ◽  
pp. 1991-2000
Author(s):  
Xue-hong ZHU ◽  
Zi-tao ZHANG ◽  
Hong-wei ZHANG ◽  
Qiu-fen WANG
Keyword(s):  
Nonferrous Metal ◽  
Nonlinear Correlation ◽  
Rmb Internationalization
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