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As RMB internationalization advances, new headwinds call for policy steps

Tuesday, July 17, 2012

As RMB internationalization advances, new headwinds call for policy steps

This note is an update of our seminal report on China’s RMB Cross-Border Settlement program issued last year (Origins, Mechanics, and Opportunities,). In addition to assessing progress in deepening cross-border settlements and the offshore RMB market, we flag a number of policy suggestions for advancing the process of RMB internationalization.

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