A decade of RMB internationalisation  

作　　者：Yin-Wong Cheung 

机构地区：[1]Department of Economics,University of California,Santa Cruz,CA,USA

出　　处：《Economic and Political Studies》2023年第1期47-74,共28页经济与政治研究（英文版）

摘　　要：This article recounts China’s renminbi(RMB)internationalisation experiences since the 2009 RMB cross-border trade settlement ini-tiative.In the first few years,the RMB made inroads into global financial markets and had a few remarkable accomplishments,including the Special Drawing Right currency status.Since the 2015 market turmoil,RMB internationalisation has levelled off–possibly due to changes in both domestic and geopolitical condi-tions.The RMB is currently under-represented in the global mar-ket.China’s deliberate and schematic policies will elevate the RMB’s global stature in a gradual manner but there will not be a leapfrogging in the near term.

关 键 词：Cross-border trade settlement Special Drawing Right offshore RMB trading global FX trading global reserves 

分 类 号：F822[经济管理—财政学]