Research on the Impact of the Belt and Road Initiative on the Internationalization of Renminbi

DOI

10.2991/978-94-6463-598-0_62How to use a DOI?

Keywords

“Belt and Road” Initiative; RMB internationalization; policy effect assessment; differential method; Differences-in-Differences

Abstract

The Belt and Road Initiative, central to China’s broad opening-up strategy, offers a key opportunity for RMB internationalization. Using panel data from 47 countries (2009–2022) and the difference-in-differences method, the study reveals that the initiative significantly boosts RMB internationalization. The paper suggests deepening Belt and Road cooperation to further advance RMB internationalization.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yuanyuan Sun
PY  - 2024
DA  - 2024/12/19
TI  - Research on the Impact of the Belt and Road Initiative on the Internationalization of Renminbi
BT  - Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
PB  - Atlantis Press
SP  - 583
EP  - 589
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-598-0_62
DO  - 10.2991/978-94-6463-598-0_62
ID  - Sun2024
ER  -