1 online resource (138 pages) : color illustrations
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note
"Report prepared for the U.S.-China Economic and Security Review Commission."
"February 4, 2016."
Bibliography
Includes bibliographical references (pages 134-138).
Contents
Executive summary. -- Introduction and overview. -- Capital account opening. -- The exchange rate regime. -- China's domestic financial markets. -- International use of the RMB. -- The RMB;s role as a reserve currency. -- Implications of the RMB's inclusion in the IMF's SDR basket. -- Sequencing and transnational risks. -- The RMB's impact ion the world. -- Conclusion. -- Appendices. -- References.
Summary
This report analyzes three related but distinct aspects of the renminbi's (RMB) role in the global monetary system and describes the Chinese government's actions in each of these areas: Internationalization: Its use in denominating and settling cross-border trade and financial transactions, that is, its use as an international medium of exchange ; Capital account convertibility: The country's level of restrictions on inflows and outflows of financial capital ; Reserve currency: Whether the RMB is held by foreign central banks as protection against balance of payments crises.
Note
Online resource, PDF version; title from title page (USCC, viewed February 23, 2022).
