Bibliographic Information
- Other Title
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- チュウゴク ・ ジンミン モト 「 コクサイカ 」 ト ゲンダイ ノ コクサイ ツウカ システム : セカイ ケイザイ チツジョ ノ パラダイム テンカン カ
- Internationalization of Chinese Renminbi under the International Monetary System : is it change of the paradigm of world economic order?
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Abstract
In July 2015, Shanghai stock exchange of China faced serious collapse, and the People’s Bank of China (PBoC) announced in the middle of August that Chinese Renminb(i RMB) exchange rate against the US dollar was depreciated by 2. 0%. On depreciating RMB exchange rate from August 2015, financial conditions of China in general gradually came to be tightened, regardless the government’s effort to relax a set of regulations restraining increasing prices of property under speculation. To break through stressed financial conditions of China, the PBOC has set up Bond Connect between Hong Kong and Shanghai in May 2017, following after Hong Kong - Shanghai Connect in Nov. 2014 and Hong Kong - Shenzhen Connect in Dec. 2016. All of these steps are designed to open up its financial and capital market to foreign investor; that’s deregulation of international financial transaction. Depreciating RMB exchange rate and falling down of Shanghai stock price index, however, have kept foreign capital from inflowing into China, contrary to what was expected. Will internationalization of RMB be realized? Will RMB be international currency alternative to the US dollar? In this paper, we will consider possibility of internationalization of RMB, which is the national currency of China with the second largest economy, under the current world economic order,.
identifier:http://repo.kyoto-wu.ac.jp/dspace/handle/11173/2850
Journal
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- 現代社会研究科論集 : 京都女子大学大学院現代社会研究科紀要
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現代社会研究科論集 : 京都女子大学大学院現代社会研究科紀要 013 1-22, 2019-03-15
京都女子大学
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Keywords
Details 詳細情報について
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- CRID
- 1050282677588463104
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- NII Article ID
- 120006646051
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- NII Book ID
- AA12228704
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- ISSN
- 18820921
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- NDL BIB ID
- 029755801
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- Text Lang
- ja
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- Article Type
- departmental bulletin paper
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- Data Source
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- IRDB
- NDL
- CiNii Articles