1,003
Views
3
CrossRef citations to date
0
Altmetric
Articles

Renminbi internationalisation: precedents and implications

Pages 81-99 | Received 23 Oct 2012, Accepted 13 Nov 2012, Published online: 06 Jun 2013

References

  • Acemoglu , D. , Johnson , S. and Robinson , J. 2001 . The Colonial Origins of Comparative Development: An Empirical Investigation . American Economic Review , 91 ( 5 ) : 1369 – 1401 .
  • Baumol , W. J. 1990 . Entrepreneurship: Productive, Unproductive and Destructive . Journal of Political Economy , 98 : 893 – 921 .
  • Berglof , E. and Roland , G. 1998 . Soft Budget Constraints and Banking in Transition Economies . Journal of Comparative Economics , 26 ( 1 ) : 18 – 40 .
  • Bloomfield , A. I. 1957 . Some Problems of Central Banking in Underdeveloped Countries . Journal of Finance , 12 ( 2 ) : 190 – 204 .
  • Catron , G. 1972 . ‘Hong Kong and Chinese Foreign Policy’, 1955-69 . The China Quarterly , 51 ( July–Sep. ) : 405 – 424 .
  • Chen, H., and W. Peng. 2007. “The Potential of the Renminbi as an International Currency.” China Economic Issues (Hong Kong Monetary Authority) 7/07 (Nov.).
  • Cheung, Y. W., G. Ma, and R. N. McCauley. 2010. “Renminbising China’s Foreign Assets.” HKIMR Working Paper 16/2010.
  • Chinn , M. D. and Ito , H. 2006 . What Matters for Financial Development? Capital Controls, Institutions, and Interactions. . Journal of Development Economics , 81 ( 1 ) : 163 – 192 .
  • Chou , C. H. 1978 . Bank of China and the Settlements of International Payments in China’s Foreign Trade and Its Management , Hong Kong : Chung Hwa .
  • Clauson , G. L. M. 1944 . The British Colonial Currency System . The Economic Journal , 54 ( 213 ) : 1 – 25 .
  • Cui, L., S. Chang, and J. Chang. 2009. “Exchange Rate Pass-through and Currency Invoicing in China’s Exports.” China Economic Issues 2/09.
  • Diamond , J. 1974 . The Analysis of Structural Constrains in Developing Economise: A Case Study . Oxford Bulletin of Economics and Statistics , 36 ( 2 ) : 95 – 108 .
  • Donnithorne , A. 1967 . China’s Economic System , London : Allen and Unwin .
  • Gerschenkron , A. 1962 . Economic Backwardness in Historical Perspective: A Book of Essays , Cambridge : Harvard University Press .
  • Goodstadt, L. F. 2006. “Painful Transitions: The Impact of Economic Growth and Government Policies on Hong Kong’s ‘Chinese’ Banks, 1945–70.” Hong Kong Institute of Monetary Research Working Paper 16/2006.
  • Goodstadt , L. F. 2007 . Profits, Politics and Panics: Hong Kong’s Banks and the Making of an Economic Miracle, 1935–1985 , Hong Kong : Hong Kong University Press .
  • Goodstadt, L. F. 2012. “China’s Financial Reforms: Why Dysfunctional Banking Survives.” Hong Kong Institute of Monetary Research Working Paper 02/2012.
  • Government of the Special Administrative Region of Hong Kong, Financial Secretary’s Office, Economic Reports (Various years 2004–2012).
  • Hope, N., and F. Hu. 2006. “Reforming Chinese Banking: How Much Can Foreign Entry Help?” Center for International Development, Stanford University. Working Paper 276.
  • Hsu , R. C. 1991 . Economic Theories in China, 1979–1988 , New York , NY : Cambridge University Press .
  • Huang , Y. 2008 . Capitalism with Chinese Characteristics , New York , NY : Cambridge University Press .
  • Huang, Y., and K. Tao. 2011. “Causes of and Remedies for the People’s Republic of China’s External Imbalances: The Role of Factor Market Distortion.” Asian Development Banking Institute Working Paper Series 279.
  • Huang, Y., X. Wang, Q. Gou, and D. Wang. 2011. “Liberalisation of China’s Capital Account.” Unpublished Conference Paper for Conference on China’s Capital Markets, New York University, New York, NY, May 31.
  • Jao, Y. C. 1983. “Hong Kong’s Role in Financing China’s Modernisation.” In China and Hong Kong: The Economic Nexus, edited by A. J. Youngston, 14–67. Hong Kong: Oxford University Press.
  • Kambara , T. and Howe , C. 2007 . China and the Global Energy Crisis , Cheltenham : Edward Elgar .
  • Kose, M., E. Prasad, K. Rogoff, and S. Wei. 2006. “Financial Globalisation: A Reappraisal.” IMF Working Paper (WP/06/189).
  • Kueh , Y. Y. and Howe , C. 1984 . China’s International Trade . The China Quarterly , 100 ( Dec. ) : 813 – 848 .
  • Kydland , F. and Prescott , E. 1977 . Rules rather than Discretion . Journal of Political Economy , 85 ( 3 ) : 473 – 491 .
  • Lardy , N. R. 1992 . Foreign Trade and Economic Reform in China 1978–1990 , New York , NY : Cambridge University Press .
  • McCauley, R. N. 2011. “The Internationalisation of the Renminbi.” Paper presented at Hong Kong Institute for Monetary Research, Hong Kong, January 14.
  • Mullineux , A. 2011 . “ Governing British Banks ” . In Bank Strategy, Governance and Ratings , Edited by: Molyneux , P. 33 – 48 . Basingstoke : Palgrave Macmillan .
  • Olson , M. 1996 . Big Bills Left on the Sidewalk: Why Some Nations are Rich and Others Poor . Journal of Economic Perspectives , 10 ( 2 ) : 3 – 24 .
  • Ostry, J. D., A. Ghosh, K. Habermeier, M. Chamon, M. Qureshi, and D. Reinhardt. 2010. “Capital Inflows: The Role of Controls.” IMF Staff Position Note, February 19 SPN/10/04.
  • Peoples Bank of China. 2011. Monetary Policy Report, Quarter 1.
  • Prasad, E., K. Rogoff, S. Wei, and M. Kose. 2003. “Effects of Financial Globalisation on Developing Countries: Some Empirical Evidence.” IMF Occasional Paper No. 220. Washington, DC: International Monetary Fund.
  • Reardon , L. C. 2002 . The Reluctant Dragon: Crisis Cycles in Chinese Foreign Economic Policy , Seattle , WA : University of Washington Press .
  • Schenk , C. 2009 . “ The Banking and Financial Impact of the 1967 Riots in Hong Kong ” . In May Days in Hong Kong Emergency and Riot in 1967 , Edited by: Bickers , R. and Yep , R. 105 – 126 . Hong Kong : Hong Kong University Press .
  • Solinger , D. J. 1993 . China’s Transition from Socialism: Statist Legacies and Market Reforms 1980–1990 , Armonk , NY : M.E.Sharpe .
  • Sung , Y. W. 2005 . The Emergence of Greater China: The Integration of Mainland China, Taiwan and Hong Kong , Basingstoke : Palgrave Macmillan .
  • Taylor, A. 2012. “The Great Leveraging.” NBER Working Paper Series, Working Paper 18290.
  • Tobin , D. 2011 . Austerity and Moral Compromise: Lessons from the Development of China’s Banking System . World Development , 39 ( 5 ) : 700 – 711 .
  • Xinhua News Agency (NCNA). www.xinhuanet.com.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.