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Renminbi.

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"Respatialising finance positions international financial centres as vital, but often overlooked, analytical lenses through which to understand the changing position of Chinese finance within the international financial system and specifically the internationalisation of its currency, the renminbi (RMB). In so doing, I develop a revitalised reading of financial centres that places questions of the state, politics and power more centrally in both their own internal dynamics and in their role in shaping global finance. Since the 2007-8 financial crisis, the growing internationalisation of the RMB has been one of the most significant development within global monetary relations. Indeed, in 2014, Deutsche Bank argued that the internationalisation of the RMB was the most significant development in international monetary affairs since the launch of the Euro in 1999 (Deutsche Bank, 2014). It refers to the relatively rapid and recent transformation in the geography of the Chinese currency facilitated through Chinese state support in the form of the People's Bank of China in particular. This geography has been transformed from a situation in the early 2000s in which flows of RMB in and out of mainland China were heavily restricted to one in which by July 2020, it was the fifth most commonly used currency for payments internationally behind the US dollar, sterling, the Euro and the Yen (Swift, 2020). Meanwhile, the growing international status of the RMB was also reflected in the International Monetary Fund including the RMB in its basket of special drawing rights (SDR) from October 2016 together with the US dollar, the euro, the yen and sterling. Kirschner (2014 p.220) provides a valuable summary of the early motivations and uncertainties surrounding RMB internationalisation."--

Renminbi --- Finance

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"RMB: Towards Internationalization takes an in-depth look at the exchange rate regime of China's currency, the RMB, including the arrangements, related policies and management, and corresponding policy recommendations. This is the first book to apply the theories of fictitious economy, complexity science and the principles of international finance to analyze the RMB exchange rate regime. For readers interested in China's economy in general and RMB internationalization in particular, this book provides an entirely new analytical framework on the history and evolution of RMB exchange regime and on its future development."--

Renminbi. --- Foreign exchange --- Money

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Using stories and interesting examples, this book depicts the process of the internationalization of the main global currencies. After that, it systematically analyzes the future pattern of the internalization of the Chinese currency, the Renminbi (RMB), and its possible influence on world trade and global finance. The book will be useful in understanding the future of the RMB, as well as its process of becoming a global currency. With the boom of China's economy, the RMB is becoming a regional currency gradually, though still at a low level. Some predict that it will even change into a global

Monetary policy --- Renminbi. --- China.

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In dit onderzoek wordt een econometrisch model opgebouwd om het potentieel van de yuan als internationale reservemunt in te schatten. Via een theoretische basis wordt een vergelijking gemaakt tussen de dollar en de yuan. We vragen ons af of het tijdperk van de dollar afgelopen is, en hoe de toekomst van de wereldmunt er uitziet.

Dollar. --- Econometrie. --- Renminbi. --- Reservemunt. --- Valuta. --- Yuan.