Development of the Renminbi Market in Hong Kong SAR : Assessing Onshore-Offshore Market Integration

Assessing Onshore-Offshore Market Integration

Development of the Renminbi Market in Hong Kong SAR : Assessing Onshore-Offshore Market Integration
Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi internationalization? And, what role does Chinese capital account liberalization play? The first is... READ MORE...

Publication date: December 2013
ISBN 9781484332948
$18.00

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