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The Boom and Bust of the RMB's Internationalization: A Perspective from Cross-Border Arbitrage

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  • Ming Zhang
  • Bin Zhang

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  • Ming Zhang & Bin Zhang, 2017. "The Boom and Bust of the RMB's Internationalization: A Perspective from Cross-Border Arbitrage," Asian Economic Policy Review, Japan Center for Economic Research, vol. 12(2), pages 237-253, July.
    • Handle: RePEc:bla:asiapr:v:12:y:2017:i:2:p:237-253
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    References listed on IDEAS

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    1. Ito, Takatoshi, 2017. "A new financial order in Asia: Will a RMB bloc emerge?," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 232-257.
    2. Frankel, Jeffrey, 2012. "Internationalization of the RMB and Historical Precedents," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 27, pages 329-365.
    3. Yu, Yongding, 2012. "Revisiting the Internationalization of the Yuan," ADBI Working Papers 366, Asian Development Bank Institute.
    4. Cruz, Prince Christian & Gao, Yuning & Song, Lei Lei, 2014. "The People’s Republic of China’s Financial Markets: Are They Deep and Liquid Enough for Renminbi Internationalization?," ADBI Working Papers 477, Asian Development Bank Institute.
    5. Huang, Yiping & Wang, Daili & Fan, Gang, 2014. "Paths to a Reserve Currency: Internationalization of the Renminbi and Its Implications," ADBI Working Papers 482, Asian Development Bank Institute.
    6. Yongding Yu, 2012. "Revisiting the Internationalization of the Yuan," Finance Working Papers 23311, East Asian Bureau of Economic Research.
    7. Ito, Hiro & Chinn, Menzie, 2014. "The Rise of the “Redback” and the People’s Republic of China’s Capital Account Liberalization: An Empirical Analysis of the Determinants of Invoicing Currencies," ADBI Working Papers 473, Asian Development Bank Institute.
    8. Prince Christian Cruz & Yuning Gao & Lei Lei Song, 2014. "The People’s Republic of China’s Financial Markets : Are They Deep and Liquid Enough for Renminbi Internationalization?," Macroeconomics Working Papers 24160, East Asian Bureau of Economic Research.
    9. Kumiko Okazaki, 2017. "Banking System Reform in China: The Challenges to Improving Its Efficiency in Serving the Real Economy," Asian Economic Policy Review, Japan Center for Economic Research, vol. 12(2), pages 303-320, July.
    10. Yousha Liang & Kang Shi & Lisheng Wang & Juanyi Xu, 2017. "Local Government Debt and Firm Leverage: Evidence from China," Asian Economic Policy Review, Japan Center for Economic Research, vol. 12(2), pages 210-232, July.
    11. Yongding Yu, 2012. "Revisiting the Internationalization of the Yuan," Macroeconomics Working Papers 23311, East Asian Bureau of Economic Research.
    12. Qiyuan Xu & Fan He, 2016. "Influence of RMB Cross-border Settlement on the Chinese Economy," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 24(1), pages 104-122, January.
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    Cited by:

    1. Takatoshi Ito & Kazumasa Iwata & Colin McKenzie & Shujiro Urata, 2017. "China's Financial Transformation: Editors' Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 12(2), pages 167-187, July.
    2. Kerry Liu, 2020. "Hong Kong: Inevitably irrelevant to China?," Economic Affairs, Wiley Blackwell, vol. 40(1), pages 2-23, February.
    3. Jong-Wha Lee, 2017. "Comment on “The Boom and Bust of the RMB's Internationalization: A Perspective from Cross-Border Arbitrage”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 12(2), pages 254-255, July.
    4. Dong, Baomin & Ma, Xili & Wang, Ningjing & Wei, Weixian, 2020. "Impacts of exchange rate volatility and international oil price shock on China's regional economy: A dynamic CGE analysis," Energy Economics, Elsevier, vol. 86(C).

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