Innovative Research on the Blending Learning Mode of Econometrics Global and Regional Impacts of RMB Internationalization
- 10.2991/aebmr.k.220307.519How to use a DOI?
- RMB; internationalization; China; PRC
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.
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
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Cite this article
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 -