Since 2014
Factors Determining the Globalization of Renminbi
International Journal of Business and Social Research
View Archive Info| Field | Value | |
| ISSN |
2164-2559 2164-2540 |
|
| Authentication Code |
dc |
|
| Title Statement |
Factors Determining the Globalization of Renminbi |
|
| Added Entry - Uncontrolled Name |
Sabyr, Ainur Gharleghi, Behrooz Chan, Benjamin Asia Pacific University of Technology and Innovation Asia Pacific University of Technology and Innovation Asia Pacific University of Technology and Innovation |
|
| Uncontrolled Index Term |
Array |
|
| Summary, etc. |
The Renminbi also known as RMB is the main currency of China. The main purpose of this study is to find the major factors that may cause RMB to be used in globe. Therefore this paper is analyzing the internalization of the RMB currency, the improvements of the reserve currency in China, as well as the capital account convertibility to determine whether RMB can be a global currency. To identify these variables, correlation analysis as well as regression analysis using SPSS are applied. The final result reveals that there is a strong relationship between reserve currency and capital account convertibility towards the globalization of the RMB.
|
|
| Publication, Distribution, Etc. |
LAR Center Press |
|
| Electronic Location and Access |
application/pdf https://thejournalofbusiness.org/index.php/site/article/view/731 |
|
| Data Source Entry |
International Journal of Business and Social Research; Vol 5, No 3 (2015): March |
|
| Language Note |
eng |
|
| Nonspecific Relationship Entry |
https://thejournalofbusiness.org/index.php/site/article/download/731/2281 |
|
| Terms Governing Use and Reproduction Note |
Copyright (c) |
|