econ 2130 money and banking
DESCRIPTION
Econ 2130 Money and Banking. 3 policies for Internationalization of RMB. China. Background. Internationalization of RMB. For transaction with non-resident. 1 st policy. 2 nd policy. 3 rd policy. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/1.jpg)
3 policies for Internationalization of RMB3 policies for Internationalization of RMB
![Page 2: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/2.jpg)
China
![Page 3: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/3.jpg)
Background
![Page 4: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/4.jpg)
Internationalization of RMB
For transaction with non-resident
![Page 5: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/5.jpg)
1st policy
![Page 6: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/6.jpg)
2nd policy
![Page 7: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/7.jpg)
![Page 8: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/8.jpg)
3rd policy
![Page 9: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/9.jpg)
The China-ASEAN Free Trade 1) increase the two-way trade
2) further use of the RMB for trade settlements.
![Page 10: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/10.jpg)
RMB is not a convertible currency China controls capital flows The core of the Chinese financial market
is the underdeveloped state-owned banks
Market infrastructure & institutions are not comparable to those in HK and other world-class open financial markets
Shortcomings
![Page 11: Econ 2130 Money and Banking](https://reader035.vdocuments.net/reader035/viewer/2022062408/568131f1550346895d984fa4/html5/thumbnails/11.jpg)
The End