Internationalization of the renminbi : the people’s currency for the people of the world.

Internationalization of the renminbi : the people’s currency for the people of the world.

The rise of China's prominence in the world economy begs the question of where its currency, the Renminbi, is headed in the coming years. Some critics believe that the Renminbi is geared to become the next major international currency in the world, challenging the incumbent US dollar. In this p...

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Bibliographic Details
Main Authors: Lau, Hao Wen., Lee, Jia Yi., Loke, Hon Yiong.
Other Authors: Gunter Dufey
Format: Final Year Project
Language:English
Published: 2012
Subjects:
DRNTU::Social sciences::Economic development::China
DRNTU::Business::Finance::Monetary policy
Online Access:http://hdl.handle.net/10356/48266
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Institution: Nanyang Technological University
Language: English
Description
Summary:The rise of China's prominence in the world economy begs the question of where its currency, the Renminbi, is headed in the coming years. Some critics believe that the Renminbi is geared to become the next major international currency in the world, challenging the incumbent US dollar. In this paper, the Renminbi's potential to fulfil the role of an international currency is explored with the establishment of an understanding of currency internationalization.

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