The Interaction between RMB Internationalization in Offshore Market and RMB Settlement in Cross-border Trade——Research Based on Trade Type

DOI

10.2991/978-94-6463-098-5_92How to use a DOI?

Keywords

RMB internationalization; Offshore market; RMB settlement of cross-border trade; Trade in goods; Service trade

Abstract

Based on the background of the " The Fourteenth Five-Year Plan " and the premise that the internationalization of RMB is different from other currencies, with the characteristic of internationalization is the construction of the offshore market as well as the reality that China is the world's largest trading country, this paper uses VAR method and the RMB global index from January 2012 to December 2019, the RMB settlement of cross-border trade, the RMB settlement of cross-border goods trade, monthly data of RMB settlement of cross-border service trade, quantifying the interaction between RMB internationalization in the offshore market and RMB settlement cross-border trade.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Shanwei Cao
PY  - 2022
DA  - 2022/12/27
TI  - The Interaction between RMB Internationalization in Offshore Market and RMB Settlement in Cross-border Trade——Research Based on Trade Type
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 808
EP  - 815
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_92
DO  - 10.2991/978-94-6463-098-5_92
ID  - Cao2022
ER  -