Internationalisation of the renminbi
Internationalisation of the renminbi
复制标题
人民币国际化
DOI:
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复制
发表时间:
2011
期刊:
影响因子:
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通讯作者:
Yongding Yu
中科院分区:
文献类型:
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作者:
Haihong Gao;Yongding Yu
Over the past three decades, China’s fast economic growth and its increasing economic integration with the world have led to a significant increase in its influence in the world economy. During the Asian financial crisis of 1997–98, China was praised as a responsible country, because of its efforts in maintaining the stability of the renminbi while many other countries in the region had devaluated their currencies. It was the first time that China itself, as well its Asian neighbours, started realising China’s emerging influence. Like it or not, China is no longer an outsider in global financial events. This is not only because China is now the world’s third largest economy and second largest trading nation, but also because it holds the largest amount of foreign reserves in the world.