IMF paper discusses renminbi internationalisation
A working paper, published by the International Monetary Fund in May, considers the possibility of the renminbi becoming widely used internationally.
The authors, Samar Maziad and Joong Shik Kang, discuss the many ways in which the market for the renminbi and China's economy conform to the precedents of other currencies that have become internationally used. They focus on China's large trade volumes, economic stability, deepening financial markets and initiatives by the Chinese authorities to
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