European Institute for Asian Studies
The Internationalization of the RMB: Implications for the World Economy
  • Start04:30 PM - Jul 07 2016
  • End06:00 PM - Jul 07 2016
  • Asia Platform, Rue de la Loi 26, 10th floor, 1000 Brussels
  • +32 2 230 81 22
  • alberto.turkstra@eias.org

»The Internationalization of the RMB:

Implications for the World Economy«

Expert exchange with

Prof. Dr. Feng ZHEN, Associate Professor, School of Statistics, Renmin University of China;

Mr. Balazs UJVARI, Research Fellow, Egmont – The Royal Institute for International Relations

and

Prof. Em. Sylvain PLASSCHAERT, Advisory Board Member, European Institute for Asian Studies

Introduction: Prof. Dr. Xinning SONG, China Director, BACES

Moderator: Mr. Erik FAMAEY, Senior Associate, European Institute for Asian Studies

Thursday, 7 July 2016, 16h30 – 18h00

A reception will follow

Venue: European Institute for Asian Studies (EIAS)

Rue de la Loi 26, 10th Floor, 1000 Brussels

On 30 November 2015, the International Monetary Fund (IMF) Executive Board determined that the Chinese renminbi (RMB) was a ‘freely usable’ currency. As a consequence, it is to be included in the basket of currencies that underpin the IMF’s reserve asset, the special drawing right (SDR), alongside the US Dollar, the Euro, the Japanese Yen and Pound Sterling. The IMF’s ‘tick of approval’ for the RMB represents a political milestone for China’s currency internationalisation, and signals progress on a reform process that includes gradually opening the capital account, strengthening the domestic financial system, and improving cross-border payments infrastructure and central bank swap lines. All of these are essential to the ongoing rebalancing of the Chinese economy towards a more sustainable growth model.

The Brussels Academy for China and European Studies (BACES), The European Institute for Asian Studies (EIAS) and Egmont – The Royal Institute for International Relations, kindly invite you to an expert exchange with Prof. Dr. Feng Zhen (Renmin University of China) and Mr Balazs Ujvari (Egmont Institute) on the implications for the world economy of the internationalization of the RMB.


The Brussels Academy for China and European Studies (BACES), EIAS and the Egmont Institute kindly invite you to an expert exchange with Prof. Dr. Feng Zhen (Renmin University of China) and Mr Balazs Ujvari (Egmont Institute), and Prof. Em. Sylvain Plasschaert (EIAS) on the implications for the world economy of the internationalization of the RMB.

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