Titlebook: Currency Internationalization: Global Experiences and Implications for the Renminbi; Wensheng Peng (Head of China Research in Barclays Bo

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External Use of the South African Randurrency union — the Common Monetary Area or CMA — has been in existence for many years and provides the framework for such co-circulation in three of South Africa’s neighbours. The rand also circulates informally in a number of other countries.

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Internationalizing the Australian Dollarused by non-residents. Despite attempts to stave off capital inflows as these mounted in 2006 and early 2007, the authorities of Korea, India and China have all paid attention to the potential for more extensive international use of their currencies. In May 2006, the Korean Ministry of Finance and t

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TSH582

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Pros and Cons of International Use of the RMB for Chinanternational finance. Even though there is still no consistent definition for the internationalization of a currency, the various definitions actually share some common points. Tavlas (1998) and Hartman (2002) argued that if a currency is received by the institutions or individuals of other countrie