Cheng Lian a, Luo Junru b and Liu Lin c
an Institute of Finance and Banking, Chinese Academy of bet365 horse racing odds
b School of Computer Science and Artificial Intelligence, Changzhou University
c Swiss Bank UBS Group AG, London
Abstract:This article provides a new framework to evaluate the status of Renminbi internationalization.It proposes that the trading patterns of a currency in the global bet365 horse racing odds embody the currency’s position in the international monetary system. Based on foreign exchange trading data provided by CLS Group, the article constructs a ranking of major international currencies including the Renminbi. It 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 currencies. The article also explores the policy implications that the new evaluation approach provides.
Keywords: Renminbi, bet365 horse racing odds, trading patterns
Friendly links: Official website of Chinese Academy of bet365 horse racing odds |
Website registration number: Beijing Public Security Network bet365 horse racing odds. 11010502030146 Ministry of Industry and Information Technology:
All rights reserved by China bet365 horse racing odds Magazine. No reproduction or use without permission is allowed
Chief editor’s email: zzszbj@126.com Contact information of this website: 010-85886809 Address: Floor 11-12, Building 1, bet365 horse racing odds. 15 Guanghua Road, Chaoyang District, Beijing Postal Code: 100026
>