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Advantages and Disadvantages of Brexit on RMB Internationalization

摘要


Brexit is a term that describes the exit of Britain from the European Union. Brexit has significant impacts on many states, including China and the EU countries. Researches show that the UK exit from the EU may make it grow more by 2050. China is focused on promoting the RMB to be an international currency. The promotion of RMB to become an international currency has many benefits to the country. Thus, the RMB internationalization may be affected by Brexit both positively and negatively. This is because China had chosen Britain to be its internationalization hub. Therefore, this paper will look at the advantages and disadvantages of Britain's exit from the EU on the internationalization of the RMB.

關鍵字

Brexit Internationalization Economy RMB

參考文獻


Zhang L, Tao K. The benefits and costs of renminbi internationalization. SSRN Electron J [Internet]. 2014.
Zeng H. Brexit: A challenge or an opportunity for China? In: Computational Social Science. Boca Raton, FL: CRC Press; 2021. p. 979–85.
Irwin Crookes P, Farnell J. The UK’s strategic partnership with China beyond Brexit: Economic opportunities facing political constraints. J Curr Chin Aff. 2019;48(1):106–21.
Zhang L. The Impacts of Brexit on China. In: Proceedings of the 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018). Paris, France: Atlantis Press; 2018.
Ting W. EU-China Relations After Brexit. In: The Implications of Brexit for East Asia. Singapore: Springer Singapore; 2018. p. 91–112.

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