Is the Renminbi a Global Currency?An Evaluation Based on Offshore Foreign Exchange Market Trading Patterns

作     者：Cheng Lian Luo Junru Liu Lin 

作者机构：Institute of Finance and BankingChinese Academy of Social Sciences School of Computer Science and Artificial IntelligenceChangzhou University Swiss Bank UBS Group AGLondon 

出 版 物：《Social Sciences in China》 (中国社会科学（英文版）)

年 卷 期：2022年第43卷第2期

页      面：144-160页

学科分类：12[管理学] 02[经济学] 0202[经济学-应用经济学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）] 

主　　题：Renminbi foreign exchange market trading patterns 

摘      要：This article provides a new framework to evaluate the status of Renminbi *** proposes that the trading patterns of a currency in the global foreign exchange market embody the currency’s position in the international monetary *** on foreign exchange trading data provided by CLS Group,the article constructs a ranking of major international currencies including the *** finds that the Renminbi shares more similarities in foreign exchange trading patterns with the established global currencies like the US dollar and the Euro than with those regional *** article also explores the policy implications that the new evaluation approach provides.