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The RMB Goes Global

Eswar S. Prasad

in Gaining Currency: The Rise of the Renminbi

Published in print:
2016
Published Online:
October 2016
ISBN:
9780190631055
eISBN:
9780190631086
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190631055.003.0005
Subject:
Economics and Finance, International

This chapter describes the increasing use of the RMB in international trade and finance transactions. These developments have been driven by China’s increasing weight in global GDP and trade, and ... More


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