@article{ART002140520},
author={Rodrigo Luiz Medeiros da Silva},
title={The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case},
journal={Asia Review},
issn={2234-0386},
year={2016},
volume={6},
number={1},
pages={225-248}
TY - JOUR
AU - Rodrigo Luiz Medeiros da Silva
TI - The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case
JO - Asia Review
PY - 2016
VL - 6
IS - 1
PB - 아시아연구소
SP - 225
EP - 248
SN - 2234-0386
AB - This paper has two parts: The first evaluates the current internationalization of China’s domestic currency, the yuan-reminbi. We shall discuss the motivations behind China’s aim to achieve a global status for its currency. We shall also review the official state initiatives to internationalize it. Among those, we emphasize the establishment of yuan-reminbi “swaps,”official credit lines that allow central banks from China and several other countries to purchase and repurchase currencies from one another. The second part is a case study of the Sino-Argentine “swap line.” We will try to characterize the situation of a country that, once facing an imminent devaluation of its national currency, benefited from significant yuan-reminbi inflows in order to stabilize its foreign currency markets. We shall defend the hypothesis that Argentina’s solution to the currency exchange crisis would have been unfeasible without Chin’a new role as an emergency lender.
KW - Yuan;Renminbi;monetary policy;internationalization;swaps
DO -
UR -
ER -
Rodrigo Luiz Medeiros da Silva. (2016). The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case. Asia Review, 6(1), 225-248.
Rodrigo Luiz Medeiros da Silva. 2016, "The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case", Asia Review, vol.6, no.1 pp.225-248.
Rodrigo Luiz Medeiros da Silva "The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case" Asia Review 6.1 pp.225-248 (2016) : 225.
Rodrigo Luiz Medeiros da Silva. The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case. 2016; 6(1), 225-248.
Rodrigo Luiz Medeiros da Silva. "The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case" Asia Review 6, no.1 (2016) : 225-248.
Rodrigo Luiz Medeiros da Silva. The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case. Asia Review, 6(1), 225-248.
Rodrigo Luiz Medeiros da Silva. The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case. Asia Review. 2016; 6(1) 225-248.
Rodrigo Luiz Medeiros da Silva. The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case. 2016; 6(1), 225-248.
Rodrigo Luiz Medeiros da Silva. "The “Renminbi Swap Lines” and the Emergent Role of China as an Emergency Lender: Evidences from Argentina’s Case" Asia Review 6, no.1 (2016) : 225-248.
