RMB Internationalization: How much is market driven? Not much
Published on Monday, November 17, 2014 | Updated on Friday, January 9, 2015
RMB Internationalization: How much is market driven? Not much
Summary
Most of what has happened is not market driven: 1 Very dependent on RMB value, which is not market driven 2 Swap lines are set by officials 3 Invoicing of trade in RMB “suggested” by importing SOEs (much less for exports) 4 Most of the dim sum bonds by Chinese local governments or SOEs 5 CBs starting to hold RMBs
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Alicia García-Herrero
Documents and files
Presentation (PDF)
141017_China_RMB_Internationalization [Modo de compatibilidad]
English - November 17, 2014