China's Yuan: Asia's Future Anchor Currency?
The yuan is becoming more widely used in pricing and settling intra-regional trade and investment. Asian currencies' movements are likely to shift more in tandem with the yuan, leading to it becoming one of Asia's lead currencies. Singapore is now the world's second-most- important of...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2015
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1955 https://ink.library.smu.edu.sg/context/soe_research/article/2954/viewcontent/ChinaYuan_ST_2015Apr21.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | The yuan is becoming more widely used in pricing and settling intra-regional trade and investment. Asian currencies' movements are likely to shift more in tandem with the yuan, leading to it becoming one of Asia's lead currencies. Singapore is now the world's second-most- important offshore yuan trading hub after Hong Kong. |
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