RT INTA Committee Press @EP_Trade: Tomorrow 13:45 in @EP_Trade: EU-Mercosur 🇦🇷🇺🇾🇵🇾🇧🇷 hearing with Argentinian 🇦🇷 embassy, @m_mendezparra LSE,… https://t.co/ZZ7Dcey1GERT Ralph Kamphöner 🇪🇺 @ralphkamphoner: @EP_Trade @m_mendezparra @Sophia_Paul_PP @milugrad @BusinessEurope @etuc_ces @jordi_canyas @berndlange @Trade_EU Pl… https://t.co/ODQINMXg6n📢 NEW BLOG. "Making it easier for those who have been vaccinated to #travel during #summer will have a positive eff… https://t.co/9jW8xaGIqoRT INTA Committee Press @EP_Trade: 🔴Live now: @VDombrovskis @Trade_EU in @EP_Trade presenting the trade policy review & answering MEP questions. 🎥… https://t.co/kfjDMSOyodWaiting for consensus amongst 164 nations @wto is not the way to get this juggernaut to move. Says… https://t.co/m801yV7JCf

ECIPE Afternoon Seminar: The internationalization of the Renminbi – will it become a major reserve currency?

December 13 2012
Venue: ECIPE, Rue Belliard 4-6, 1040 Brussels
Speakers: Sylvain Plasschaert
Time: 15:30

The rise of the Renminbi (RMB) as a key currency in international financial markets has been fast. It reflects China’s general expansion in the ‘real’ world economy, and its accumulation of official foreign exchange reserves. There is no doubt that the role of the RMB for the global economy will increase. Just three decades ago, that seemed like a very remote notion. The question now is if the RMB will assume a pivotal role as an instrument for transactions in international trade and investment as well as, ultimately, as a reserve currency.

ECIPE invites you to the afternoon seminar with Professor Emeritus Sylvain Plasschaert, University of Antwerp and University of Leuven, who will present his new working paper on the Chinese currency and will discuss why the final stage of internationalization of RMB, as reserve currency, is more likely to take place later rather than sooner.