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Internationalization of the Renminbi and Its Implications for Monetary Policy

In: Currency Internationalization: Global Experiences and Implications for the Renminbi

Author

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  • Haihong Gao

Abstract

The rise of China and its growing economic influence in the world has sparked consideration of the possibility of Chinese currency becoming internationalized. Although the renminbi (RMB) is currently far from being an international currency, its position internationally is steadily using. In the long term, the currency’s internationalization is not only likely but also desirable for China and for the rest of the world.

Suggested Citation

  • Haihong Gao, 2010. "Internationalization of the Renminbi and Its Implications for Monetary Policy," Palgrave Macmillan Books, in: Wensheng Peng & Chang Shu (ed.), Currency Internationalization: Global Experiences and Implications for the Renminbi, chapter 9, pages 209-220, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24578-5_9
    DOI: 10.1057/9780230245785_9
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    Cited by:

    1. Haihong Gao, 2013. "Convertibility as a step for the RMB internationalization," Economic Change and Restructuring, Springer, vol. 46(1), pages 71-84, March.
    2. Hyoung-kyu Chey & Yu Wai Vic Li, 2016. "Bringing the Central Bank into the Study of Currency Internationalization: Monetary Policy, Independence, and Internationalization," GRIPS Discussion Papers 15-23, National Graduate Institute for Policy Studies.

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