What Drives CNH Market Equilibrium?
Peter Garber delves into China's offshore currency market to understand what drives its growth and what it means for further liberalization of the renminbi.
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A collection of papers examining the internationalization of the Chinese currency, the renminbi, as written for a symposium co-sponsored by the Council on Foreign Relations and the China Development Research Foundation in November 2011.
Peter Garber delves into China's offshore currency market to understand what drives its growth and what it means for further liberalization of the renminbi.
See more in China, Geoeconomics
Jeffrey Frankel looks to history as a guide in determining the renminbi’s prospects for becoming an international currency.
See more in China, Geoeconomics
Robert McCauley asks whether Chinese officials can guide the renminbi to internationalization while preserving their influence over credit growth and allocation.
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Takatoshi Ito charts the renminbi’s progress toward becoming an international currency and discusses what steps China should take to complete the process.
See more in China, Geoeconomics
Alan Taylor explores what benefits the global monetary system could expect from an internationalized renminbi.
See more in China, Geoeconomics
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