Innovative Research on the Blending Learning Mode of Econometrics Global and Regional Impacts of RMB Internationalization

DOI

10.2991/aebmr.k.220307.519How to use a DOI?

Keywords

RMB; internationalization; China; PRC

Abstract

China has seen exponential development within the first twenty years of the twenty-first century, making it the second largest global economy. Together with this growth, the People’s Republic of China (PRC) has put in place various strategies to help it grow its economic muscle as well as international influence. One of the ways it has followed this is by promoting the Chinese Renminbi (RMB), as a substitute to the United States Dollar, whose role as the international currency dates back after World War II. This paper will analyze various aspects of the Chinese economy using various models, to assess the global and regional impacts of RMB internationalization. Preliminary studies indicate that while the PRC is poised to reap from internationalization of the RMB, which entails generating the momentum to drive reforms in the domestic financial sector, such occurrences could take time, and it is unlikely to parallel the performance of the USD as the preferred global currency any time soon.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Qian Yu
PY  - 2022
DA  - 2022/03/26
TI  - Innovative Research on the Blending Learning Mode of Econometrics Global and Regional Impacts of RMB Internationalization
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 3166
EP  - 3169
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.519
DO  - 10.2991/aebmr.k.220307.519
ID  - Yu2022
ER  -