发布时间：2025-08-29

所属单位：金融学院

论文名称：The Benefits and Costs of Renminbi Internationalization

发表刊物：ADBI Working Paper Series

项目来源：其他

摘要：Despite the increasing recognition that the renminbi (RMB) may eventually become a key
global currency, several important questions remain to be answered. This paper analyzes
the benefits and costs of the RMB becoming an international currency. The benefits include
reduced exchange risk, promotion of the development of the financial market, and expansion
of firms in the People’s Republic of China. The costs include general costs, which complicate
monetary policy and exchange rate policy, and several transitional risks. We argue that the
benefits of RMB internationalization should surpass its costs, particularly in the long run, and
provide comprehensive policy choices for a sustainable process of RMB internationalization.

第一作者：张礼卿

论文类型：期刊论文

论文编号：3f30876643c14b379585c450d8ce3c83

卷期页：ADBI working paper 481

是否译文：否

发表时间：2014-05-01