The evolution of offshore renminbi trading : 2016 to 2019
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Article number | 102369 |
| Journal / Publication | Journal of International Money and Finance |
| Volume | 113 |
| Online published | 30 Jan 2021 |
| Publication status | Published - May 2021 |
Link(s)
Abstract
We study the evolution of offshore renminbi trading between 2016 and 2019. The geographical pattern of changes in offshore renminbi trading during this period is different from the one between 2013 and 2016. The pattern of changes in the 2016–2019 period, in addition to the previously reported convergence to the geographical trading pattern of all currencies, is affected by (geopolitical) disputes and trade intensity. Further, China-specific RQFII investment quota arrangements and offshore market's equity market capitalization and level of financial development play a role in shaping the offshore RMB trading pattern.
Research Area(s)
- Dispute, FX turnover, Geographical trading pattern, Renminbi internationalization, Trade intensity
Citation Format(s)
The evolution of offshore renminbi trading: 2016 to 2019. / Cheung, Yin-Wong; Grimm, Louisa; Westermann, Frank.
In: Journal of International Money and Finance, Vol. 113, 102369, 05.2021.
In: Journal of International Money and Finance, Vol. 113, 102369, 05.2021.
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
