RMB Internationalization

Ao, Xiying (2011) RMB Internationalization. [Dissertation (University of Nottingham only)] (Unpublished)

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An International currency refers to a currency that could be used outside of its issuing country

as a unit of account, a medium of exchange and a store of value. On the one hand, currency

internationalization could stimulate nancial business in domestic banks and seignorage, enhance

the political power and prestige of the issuing country, and benet domestic residents

in trading and investment. On the other hand, a currency, once internationalized, cannot

be completely controlled by the issuing country through any kind of monetary policy, which

signicantly complicates the policy-making process. Four important factors aecting international

use of a currency, including the economic power, level and variability of ination,

uctuation of exchange rate of the issuing country and the status of its nancial market

development. This dissertation aims to build up the concept of a three-stage currency internationalization

process, assess the current status of RMB internationalization and develop

the strategies to enhance levels of RMB internationalization at dierent stages.

Key words: Currency Internationalization, RMB, Internationalization Policy, Internationalization


Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 25 Apr 2012 13:39
Last Modified: 18 Jan 2018 01:18
URI: https://eprints.nottingham.ac.uk/id/eprint/25228

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