Renminbi Usage In Cross Border Payments Regional Patterns And The Role Of Swaps Lines And Offshore Clearing Banks
DOWNLOAD
Download Renminbi Usage In Cross Border Payments Regional Patterns And The Role Of Swaps Lines And Offshore Clearing Banks PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Renminbi Usage In Cross Border Payments Regional Patterns And The Role Of Swaps Lines And Offshore Clearing Banks book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Renminbi Usage In Cross Border Payments Regional Patterns And The Role Of Swaps Lines And Offshore Clearing Banks
DOWNLOAD
Author : Hector Perez-Saiz
language : en
Publisher: International Monetary Fund
Release Date : 2023-03-31
Renminbi Usage In Cross Border Payments Regional Patterns And The Role Of Swaps Lines And Offshore Clearing Banks written by Hector Perez-Saiz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-31 with Business & Economics categories.
The paper examines the usage of the Renminbi (RMB) as an international payment currency. Globally, the use of RMB remains small, accounting for 2 percent of total cross-border transactions. Using country-level transaction data from Swift** for 2010–21, we find significant regional variations in the use of RMB for cross-border payments. While RMB is little used in some regions, it has gained traction in others, and these cross-country differences have widened over the years. Such differences can be partly explained by an economy’s geographic distance, political distance, and trade linkages with China. However, it also reflects the impact of policy measures by the People’s Bank of China, including establishing bilateral swap lines and offshore clearing banks. Both policy measures helped to address offshore RMB liquidity shortages given China’s overall capital account restrictions, with the offshore clearing banks having a quantitatively larger impact. Our analysis contributes to a better understanding of the growing importance of RMB within the international monetary system.
Global Cross Border Payments
DOWNLOAD
Author : Mr. Eugenio M Cerutti
language : en
Publisher: International Monetary Fund
Release Date : 2025-06-13
Global Cross Border Payments written by Mr. Eugenio M Cerutti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-13 with categories.
Cross-border payments are essential to the global financial system, facilitating trade and investment. The global cross-border traditional and crypto payment market approached a value of about one quadrillion dollars in 2024, with crypto payments representing only a small fraction despite their recent surge. Focusing on data from Swift—the largest traditional cross-border financial messaging network—we study the characteristics and evolving patterns of these payments over 2021-24. Notably, payments are predominantly concentrated in advanced economies, and are driven by financial institutions and large transactions. While currency usage remains stable—with the U.S. dollar maintaining the largest share—the Chinese renminbi demonstrates signs of increasing global integration, albeit from a low base. Gravity model estimates confirm that traditional economic linkages, via trade, portfolio investment, and FDI, shape cross-border payments. However, aggregate dynamics mask substantial heterogeneity across message types (customer vs. financial related payments), currencies, and transaction sizes, with information asymmetries playing a diminished role in larger payments.
The Us China Rift And Its Impact On Globalisation
DOWNLOAD
Author : Raffaele Sciortino
language : en
Publisher: BRILL
Release Date : 2024-02-12
The Us China Rift And Its Impact On Globalisation written by Raffaele Sciortino and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-12 with Social Science categories.
Today, globalisation has entered a critical phase of slowdown. The asymmetrical US-China relationship that has been the fundamental axis up to now has entered into crisis. The financial imperialism of the dollar proves to be increasingly burdensome and destabilizing. The rise of capitalist China is questioning US imperialist levy. This book offers a comprehensive analysis of the looming confrontation, while identifying potential points of no return in the intertwined dynamics of the world market, geopolitical configurations, and class relationships. Neither contender can give up the game. Will there be a de-globalisation? Is a multipolar order realistic? Are we facing a Chinese hegemonic challenge or rather first signs that hint at the potential for systemic disintegration?
Command Of Commerce
DOWNLOAD
Author : BEN A.. BROOKS VAGLE (STEPHEN G.)
language : en
Publisher: Oxford University Press
Release Date : 2025-07-04
Command Of Commerce written by BEN A.. BROOKS VAGLE (STEPHEN G.) and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-07-04 with Political Science categories.
The conventional wisdom has held that China's economic power is very close to America's and that Washington cannot undertake a broad economic cutoff of China without hurting itself as much, or more. Command of Commerce shows that the conventional wisdom is wrong--America's economic power has been vastly underestimated and China's overestimated. Across multiple scenarios, the book shows that China's economic losses from a broad cutoff would be far greater than America's. A powerful analysis of the true scope of US and Chinese economic power, this will reshape our understanding of the most important geopolitical rivalry in the world.
A Century Of Global Economic Crises
DOWNLOAD
Author : Lúcio Vinhas de Souza
language : en
Publisher: Springer Nature
Release Date : 2024-07-02
A Century Of Global Economic Crises written by Lúcio Vinhas de Souza and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-02 with Business & Economics categories.
This book explores the end of the era of low inflation and stable price increases, known as “The Great Moderation”, and the impact this will have on monetary policy. The macroeconomic trends and economic policy issues observed within developed countries over the last 70 years are linked with the economic theory debates of the time to highlight how the current economic challenges came about. The limitations of past economic policies are highlighted to help create a new policy framework for an era defined by high inflation, low economic growth, large budget deficits, and increased private sector debt. This book presents a new understanding of monetary policy that engages with the changing behaviour of economic agents. It will be relevant to researchers and policymakers interested in monetary policy and the political economy.
State Capitalism And Finance In Emerging Markets
DOWNLOAD
Author : Johannes Petry
language : en
Publisher: Policy Press
Release Date : 2025-06-24
State Capitalism And Finance In Emerging Markets written by Johannes Petry and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-24 with Business & Economics categories.
What role do emerging markets play in the global financial system? Are they subordinated within global financial hierarchies? Or do they have autonomy, even power, to use finance to pursue state objectives? In this edited volume, leading scholars explore these questions, focusing on state–finance interactions globally. The book combines literatures on international financial subordination, financial statecraft and comparative capitalism to analyse state–finance relationships in emerging markets, particularly the BRICS: Brazil, Russia, India, China, and South Africa. It reveals that these states can control their domestic financial sectors despite global subordination, though their ability to do so varies significantly. This essential volume offers profound insights into how emerging markets are reshaping global finance for scholars and policy makers.
Finance Growth And Democracy Connections And Challenges In Europe And Latin America In The Era Of Permacrisis
DOWNLOAD
Author : Dimitris Katsikas
language : en
Publisher: Springer Nature
Release Date : 2024-10-31
Finance Growth And Democracy Connections And Challenges In Europe And Latin America In The Era Of Permacrisis written by Dimitris Katsikas and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-31 with Political Science categories.
The present volume uses a comparative regional approach to analyze how permacrisis—an extended period of instability and insecurity—has been experienced and dealt with in the European Union (EU) and Latin America. Written by academicians and policy experts from both regions, the volume has three main objectives. Firstly, it critically evaluates the response of regional organizations and governments in the EU and Latin America to the crises that have shaken these regions in recent years. Secondly, chapters contribute to a better understanding of the promised benefits and risks of digital currencies and fintech more generally to economic growth, financial stability and inclusion. Finally, the volume promotes an understanding of the challenges of permacrisis in both the EU and Latin America, as well as encouraging their cooperation at the multilateral and bi-regional levels. Providing an interdisciplinary perspective, this volume will be of interest to researchers and students of international relations, international political economy, international finance and economics, international law, global governance, and regionalism, as well as public officials of ministries of foreign affairs, finance and the economy, public officials of international and regional organizations. This is an open access book.
A New Global Geometry
DOWNLOAD
Author : Greg Albo
language : en
Publisher: NYU Press
Release Date : 2024-04-30
A New Global Geometry written by Greg Albo and has been published by NYU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-30 with Political Science categories.
In October 2022, President Joe Biden launched the United States' new National Security Strategy, which warned that the world was at an 'inflection point', in which the 'post-Cold War era is definitely over, and a competition is underway between the major powers to shape what comes next'. American leadership, the document declared, would be more necessary than ever in order to define 'the future of the international order' by marshalling America's unparalleled economic, military and diplomatic resources to confront geopolitical rivals. While it is clearly premature to speak of the end of the liberal economic order, let alone the development of a multipolar international system, the erosion of the American primacy means it is not too early to take stock of the momentous changes making a new global geometry.--Back Cover
The Payment System
DOWNLOAD
Author : Tom Kokkola
language : en
Publisher:
Release Date : 2010
The Payment System written by Tom Kokkola and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Banks and banking, Central categories.
"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
Resilience Dynamism Trust 50 Landmark Statements By Mas Leaders
DOWNLOAD
Author : Monetary Authority Of Singapore
language : en
Publisher: World Scientific
Release Date : 2021-10-04
Resilience Dynamism Trust 50 Landmark Statements By Mas Leaders written by Monetary Authority Of Singapore and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-04 with Business & Economics categories.
The Monetary Authority of Singapore (MAS) is Singapore's central bank and integrated financial regulator. As a central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore's exchange rate, official foreign reserves, and liquidity in the banking sector. As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors and financial market infrastructures. It is also responsible for well-functioning financial markets, sound conduct, and investor education. MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructures, adoption of technology, and upgrading of skills in the financial industry.This 50th anniversary compilation provides convenient access to the thinking behind MAS' policies and strategies as they have evolved, through 50 landmark statements by its leaders.