Issues of Rmb Internalization

ADBI Working Paper Series

Issues for Renminbi Internationalization: An Overview

Barry Eichengreen and Masahiro Kawai

No. 454 January 2014

Asian Development Bank Institute

Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science of the University of California, Berkeley. Masahiro Kawai is Dean of the Asian Development Bank Institute (ADBI). The authors are thankful to Victor Pontines for preparing the data used in the paper. The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, the ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms. The Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI’s working papers reflect initial ideas on a topic and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each working paper (given in the citation below). Some working papers may develop into other forms of publication. Suggested citation: Eichengreen, B., and M. Kawai. 2014. Issues for Renminbi Internationalization: An Overview. ADBI Working Paper 454. Tokyo: Asian Development Bank Institute. Available: http://www.adbi.org/workingpaper/2014/01/20/6112.issues.renminbi.internationalization.overview/ Please contact the authors for information about this paper. Email: eichengr@berkeley.edu; mkawai@adbi.org

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© 2014 Asian Development Bank Institute

ADBI Working Paper 454...