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Econ 2130 Money and Banking

Econ 2130 Money and Banking. 3 policies for Internationalization of RMB. China. Background. Internationalization of RMB. For transaction with non-resident. 1 st policy. 2 nd policy. 3 rd policy.

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Econ 2130 Money and Banking

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  1. Econ 2130Money and Banking 3 policies for Internationalization of RMB

  2. China

  3. Background

  4. Internationalization of RMB For transaction with non-resident

  5. 1st policy

  6. 2nd policy

  7. 3rd policy

  8. The China-ASEAN Free Trade  1) increase the two-way trade 2) further use of the RMB for trade settlements.

  9. Shortcomings • RMB is not a convertible currency • China controls capital flows • The core of the Chinese financial market is the underdeveloped state-owned banks • Market infrastructure & institutions are not comparable to those in HK and other world-class open financial markets

  10. The End

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