英语课课件修改版.pptxVIP

;;; ; ;;;Four fundamental factors of an international currency ; ;4. network externalities(外部效应）: An individual (exporter,importer, borrower, lender, or currency trader) is more likely to use a given currency in his or her transactions if everyone else is doing so. ;RMB internationalization process;;Bronze Age: (1)In June 2007, first RMB bond landed in Hong Kong (2)In July 2008,Peoples Bank of China found Exchange rate division to develop RMB offshore market (3)In December 2008 Peoples Bank of China and Bank of Korea signed a bilateral currency swap agreements (4) Also in December Ch