International Reserve Currencies (1) 썸네일형 리스트형 Is Capital Account Convertibility Required for the Renminbi to AcquireReserve Currency Status?(22.11月)/Barry Eichengreen外.Bank of France It is widely assumed that the renminbi (RMB) cannot acquire a meaningful place in central bank reserve portfolios without full liberalization of China’s capital account. We argue that the RMB can in fact develop into a consequential reserve currency in the absence of capital account convertibility. Trade and investment links can drive official use and accumulation despite limited access to Chine.. 이전 1 다음