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The Internationalization of RMB: RMB Potential International Status and its Influence on ASEAN

Gui, Linjie LU (2012) EKHR81 20121
Department of Economic History
Abstract
The restrictions on China´s capital account is the major restrictive factor for the international use of the RMB. The potential international status of the RMB must be included into the consideration by the monetary authority in designing the pace and form of liberalizing the restrictions, because, in general, the potential international status directly induces the potential benefits and risks. The purpose of this paper is to estimate the potential international status of the RMB. Based on the model, the share of RMB in reserve holding would be about 7.2% in this thesis. In addition, this thesis suggests that RMB has the potential to become a regional anchor currency in Southeast Asia. More specifically, RMB has increasing influences on... (More)
The restrictions on China´s capital account is the major restrictive factor for the international use of the RMB. The potential international status of the RMB must be included into the consideration by the monetary authority in designing the pace and form of liberalizing the restrictions, because, in general, the potential international status directly induces the potential benefits and risks. The purpose of this paper is to estimate the potential international status of the RMB. Based on the model, the share of RMB in reserve holding would be about 7.2% in this thesis. In addition, this thesis suggests that RMB has the potential to become a regional anchor currency in Southeast Asia. More specifically, RMB has increasing influences on the exchange rates of ASEAN members. (Less)
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author
Gui, Linjie LU
supervisor
organization
course
EKHR81 20121
year
type
H1 - Master's Degree (One Year)
subject
keywords
RMB, currency internationalization, international status, anchor currency.
language
English
id
3232305
date added to LUP
2013-01-17 13:07:29
date last changed
2013-01-17 13:07:29
@misc{3232305,
  abstract     = {The restrictions on China´s capital account is the major restrictive factor for the international use of the RMB. The potential international status of the RMB must be included into the consideration by the monetary authority in designing the pace and form of liberalizing the restrictions, because, in general, the potential international status directly induces the potential benefits and risks. The purpose of this paper is to estimate the potential international status of the RMB. Based on the model, the share of RMB in reserve holding would be about 7.2% in this thesis. In addition, this thesis suggests that RMB has the potential to become a regional anchor currency in Southeast Asia. More specifically, RMB has increasing influences on the exchange rates of ASEAN members.},
  author       = {Gui, Linjie},
  keyword      = {RMB,currency internationalization,international status,anchor currency.},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Internationalization of RMB: RMB Potential International Status and its Influence on ASEAN},
  year         = {2012},
}